salaryRent is higher than in 82% of U.S. cities. Household incomes are higher than in 89% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (95.6%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $94,400 a year. That is $45 an hour at a full-time job.
Is rent cheaper than other New Jersey cities?
No. Rent here is more expensive than in most of New Jersey. It is number 167 of 291 cities from cheapest to most expensive.
How much do households earn in Hamilton Square?
Share of households by yearly income. 63.0% of households earn $100,000 or more.
Rent by apartment size in Hamilton Square
| Size | Hamilton Square | U.S. average |
|---|---|---|
| 2 bedrooms | $2,388 | $1,509 |
| 3 bedrooms | $2,414 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Hamilton Square overall?
Everyday prices in New Jersey overall are 9% above the U.S. average (index 108.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Hamilton Square, so the New Jersey figure is shown.
Taxes and bills in Hamilton Square
Life in Hamilton Square
Is it cheaper to rent or buy in Hamilton Square?
Renting is cheaper right now: about $395 a month less.
Owning assumes a typical $397,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $39,700 for the down payment.
Frequently asked questions
What is the average rent in Hamilton Square, NJ?
Renting in Hamilton Square costs a median of about $2,360 a month in 2026, including utilities. The New Jersey median is $2,240.
How much do I need to make to live in Hamilton Square?
To keep rent under 30% of income, you need about $94,400 a year, or $45 an hour at a full-time job.
Is Hamilton Square cheap or expensive?
Hamilton Square is rated Cheap: rent takes 19.0% of the typical household income of $149,008. It ranks 167th cheapest of 291 New Jersey cities we track.
How much are property taxes in Hamilton Square?
The median homeowner in Hamilton Square pays $9,289 a year in property taxes, about 2.34% of the median home value.
Is Hamilton Square more expensive than the national average?
Overall prices in New Jersey are 9% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Hamilton Square?
The median home value in Hamilton Square is $397,000, about 2.7 times the typical yearly household income.
11,622 people live in Hamilton Square. Numbers are typical (middle) values.