Hopatcong, NJ Cost Of Living
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
Hopatcong's Overall Cost Of Living
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:
- Living In Hopatcong
- Hopatcong Crime Report
- Search Homes For Sale In Hopatcong, NJ
In New Jersey
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 | |
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 |
Median Home Value
Median Rent
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
/10
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 |
