Hopatcong, NJ Cost Of Living

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Updated: 2020-03-08
Hopatcong's Overall Cost Of Living
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Hopatcong is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Hopatcong, NJ?

According to the most recent data on the cost of living, Hopatcong has an overall cost of living index of 112 which is 1.1x higher than the national index of 100.

Compared to only New Jersey, Hopatcong has a cost of living index that's 0.9x lower than New Jersey's index of 123.

The standard of living in Hopatcong ranks as #4292 most affordable out of the 6522 places we measured in New Jersey. By definition, that implies Hopatcong ranks as the #2114 most expensive place in the Garden State.

Hopatcong Cost Of Living Vs. New Jersey

Living Expense Hopatcong New Jersey National Average
Overall 112 123 100
Services 102 111 100
Groceries 113 110 100
Health 99 102 100
Housing 133 158 100
Transportation 110 110 100
Utilities 87 100 100
For more reading on cost of living around New Jersey, check out:
Hopatcong Cost of Living Vs. NJ

Hopatcong, NJ Housing Cost Breakdown

Housing swings affordability the most between places in New Jersey, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Hopatcong New Jersey United States
Median Home Value $240,300 $327,900 $204,900
Median Rent $1,382 $1,295 $1,023
Median Income $84,213 $79,363 $60,293
Home Value To Income 2.9x 4.1x 3.4x
Rent To Monthly Income 0.2x 0.2x 0.2x

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Cost Of Living In Cities Around Hopatcong

City Population Cost Of Living Vs. Hopatcong
Florham Park, NJ 11,672 162 1.4x
Budd Lake, NJ 10,414 114 1.0x
Lincoln Park, NJ 10,339 130 1.2x
White Meadow Lake, NJ 9,383 127 1.1x
Lake Mohawk, NJ 9,208 120 1.1x
Succasunna, NJ 8,681 131 1.2x
Boonton, NJ 8,302 126 1.1x
Butler, NJ 7,701 128 1.1x
Bernardsville, NJ 7,698 165 1.5x
Wharton, NJ 6,521 116 1.0x

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