Hopatcong, NJ Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Hopatcong, NJ Summary

Cost of living in Hopatcong research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Hopatcong is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in New Jersey, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Hopatcong is 111, with 100 being the average.

  • The cost of living index in Hopatcong is 1.1x higher than the national average.

  • Hopatcong ranks as the #46 cheapest in New Jersey out of 251.

  • Hopatcong ranks as the #4,219 cheapest out of 6,412 in the US.

  • The median home value in Hopatcong is $246,800.

  • The median income in Hopatcong is $99,177.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
111
Hopatcong's Overall Cost Of Living
1.1x
Higher Than The National Average

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 111, which is 1.1x higher than the national index of 100.

Compared to New Jersey, Hopatcong has a cost of living index that's 1.0x lower than New Jersey's index of 111.

The standard of living in Hopatcong ranks as #46 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Hopatcong ranks as the #205 most expensive place in the Garden State.

For more reading on life in Hopatcong, check out:

46 out of 251
In New Jersey
4,219 out of 6,412
In America

Hopatcong Cost Of Living Vs. New Jersey

Six factors go into calculating the cost of living index in Hopatcong. Here is how it fairs on each of the criteria:

  • The Services index in Hopatcong is 106.

  • The Groceries index in Hopatcong is 117.

  • The Health index in Hopatcong is 100.

  • The Housing index in Hopatcong is 134.

  • The Transportation index in Hopatcong is 111.

  • The Utilities index in Hopatcong is 92.

Living Expense Hopatcong New Jersey National Average
Overall 111 111 100
Services 106 104 100
Groceries 117 104 100
Health 100 95 100
Housing 134 130 100
Transportation 111 106 100
Utilities 92 108 100
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 housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Hopatcong is $246,800.

  • The Median Rent in Hopatcong is $1,451.

  • The Median Income in Hopatcong is $99,177.

  • The Home Value To Income in Hopatcong is 2.5x.

  • The Rent To Monthly Income in Hopatcong is 0.18x.

Statistic Hopatcong New Jersey United States
Median Home Value $246,800 $355,700 $244,900
Median Rent $1,451 $1,436 $1,163
Median Income $99,177 $89,703 $69,021
Home Value To Income 2.5x 4.0x 3.5x
Rent To Monthly Income 0.18x 0.19x 0.2x
Search Homes For Sale In Hopatcong, NJ
$246,800
Median Home Value
$1,451
Median Rent
$99,177
Median Income

Hopatcong, NJ Costs By Category

Detailed Hopatcong Services Costs Vs. New Jersey

Item Hopatcong New Jersey
Shampoo $1.09 $1.06
Movie $12.38 $10.68
Bowling $20.56 $14.67
Haircut $20.96 $18.62
Beauty Salon $45.37 $39.05

Detailed Hopatcong Groceries Costs Vs. New Jersey

Item Hopatcong New Jersey
Ground Beef $4.21 $4.22
Fried Chicken $1.94 $1.39
Milk $2.37 $2.05
Potatoes $3.52 $3.29
Pizza $11.27 $10.62
Beer $8.27 $9.38
Toothpaste $2.06 $2.34

Detailed Hopatcong Health Costs Vs. New Jersey

Item Hopatcong New Jersey
Optometrist $92.33 $108.57
Doctor $99.57 $116.17
Dentist $116.16 $99.13

Detailed Hopatcong Transportation Costs Vs. New Jersey

Item Hopatcong New Jersey
Gasoline $2.45 $2.22
Tire Balancing $53.07 $50.07

Detailed Hopatcong Utilities Costs Vs. New Jersey

Item Hopatcong New Jersey
All Electricity $147.86 $167.67
Phone $179.87 $175.64

Hopatcong SnackAbility

9.5
/10
Overall SnackAbility
Jobs
8.5/10
Housing
8.5
Affordability
8
Diversity
8
Safety
9
Amenities
8.5
Education
9
Commute
3

Cost Of Living In Cities Around Hopatcong

The cost of living varies in the cities and towns around Hopatcong. Here's a quick look at the cost of living in the most populous nearby places:

  • Florham Park, NJ has a cost of living index of 165, 1.5x Hopatcong.

  • Lincoln Park, NJ has a cost of living index of 124, 1.1x Hopatcong.

  • Budd Lake, NJ has a cost of living index of 118, 1.1x Hopatcong.

City Population Cost Of Living Vs. Hopatcong
Florham Park, NJ 12,655 165 1.5x
Lincoln Park, NJ 10,877 124 1.1x
Budd Lake, NJ 9,971 118 1.1x
Succasunna, NJ 9,530 134 1.2x
Lake Mohawk, NJ 9,503 121 1.1x
White Meadow Lake, NJ 9,069 129 1.2x
Boonton, NJ 8,770 126 1.1x
Butler, NJ 8,019 123 1.1x
Bernardsville, NJ 7,862 164 1.5x
Wharton, NJ 7,175 117 1.1x

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