Hamburg, NJ is a great place to live for those looking to settle in a small town with plenty of nearby amenities. The cost of living in the area is slightly higher than the US average as 2 bedroom rent averages $1,790 compared to the national average of $1,430. Grocery costs are also higher than the US average at 103 versus 100 in the US. Some popular local businesses include Pine Hill Diner and Colonial Bowling Alley, both of which have been running for many years and offer great services to their customers. Other notable companies in Hamburg, NJ are Hot & Cold Appliance Repair Services and Hamburg Veterinary Care Center. These companies provide excellent services to residents of Hamburg, ensuring they always have access to quality products and services.
Hamburg has an unemployment rate of 7.7%. The US average is 6.0%.
Hamburg has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Hamburg
- The Sales Tax Rate for Hamburg is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Hamburg is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hamburg
- The average income of a Hamburg resident is $42,715 a year. The US average is $28,555 a year.
- The Median household income of a Hamburg resident is $79,957 a year. The US average is $69,021 a year.