Housing costs in Hampton?
A typical home costs
$442,500, which is 30.9% more expensive than the national average of
$338,100 and 2.4% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Hampton costs
$1,680 per month, which is 1.8% cheaper than the national average of
$1,710 and 29.2% cheaper than the state average of
$2,170.
Can I afford Hampton?
To live comfortably in Hampton (zip 08827), New Jersey, a minimum annual income of
$84,960 for a family, and
$52,800 for a single person is recommended.
What does A.I. say about Hampton?
The cost of living in 08827 Hampton, NJ is slightly higher than the national average. According to BestPlaces, the cost of living index in this area is 106.47, which is 6.47 points higher than the US average. Housing prices are relatively high by comparison and have been steadily increasing each year. Transportation costs are also high due to its close proximity to New York City and other major cities in the Northeast. However, overall the cost of living is fairly reasonable for a suburban area that offers many amenities and easy access to larger cities.