I'm not surprised that the labor rates some are throwing out are half what you were quoted in New Jersey. Remember that they've gotta pay the employee, rent, insurance, taxes, payroll expenses, all sorts of (I'm sure) New Jersey bogus fees, etc. out of that hourly rate.
I am surprised that it took him 30 hours. I was going to suggest that you shop around, but re-read your post and saw that he already did the work. Did he give you a quote beforehand? Your only hope may be to approach him with "geez - that cost much more than I expected: can you help me out a little bit?"
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 1965 Pontiac LeMans. M21, 3.73 in a 12 bolt, Kauffman 461.
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