Cost of Living in Ho-Ho-Kus, NJ

Population 4,230 · New Jersey · Data vintage 2023

275
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing in Ho-Ho-Kus sits 239% above the national median — $1 million for the typical home — but median household incomes near $250,001 (235% above the US figure) soften the blow that similar pricing creates in lower-wage metros. The labor market has been unusually tight, with unemployment around 1.9% — below most comparable cities in the state.

Located 7 miles northeast of Paterson, Ho-Ho-Kus falls within that metro's commuting orbit. Median home values run roughly 208% higher than Paterson's $335,000.

Cost Overview

Housing 339
Rent 181

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Ho-Ho-Kus

The median home value in Ho-Ho-Kus is $1,032,800 — 239% above the national median of $305,000. Median rent runs $2,375/month, 81% higher than the national median of $1,314/month. The median household income of $250,001/year is 235% higher than the US median of $74,580. The local unemployment rate is 1.9%, below the national average of 4.8%. New Jersey's top state income tax rate is 10.8% and the combined sales tax is 6.6%. The climate averages highs of 64.0°F and lows of 46.7°F. Overall, Ho-Ho-Kus has a cost of living index of 275 versus the US average of 100, meaning it is 175% more expensive.

🏠 Housing

Median Home Value
$1,032,800
239% above avg
Median Rent
$2,375/mo
81% above avg
Price-to-Rent Ratio
36.2x
Favors renting
Property Tax Rate
2.5%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,474
1 BR
$1,654
2 BR
$2,040
3 BR
$2,550
4 BR
$2,885
Owner-occupied 91.0%
Renter-occupied 9.0%

💰 Estimated Monthly Budget

Rent median rent
$2,375
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,989/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
36.8 min
36% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
29.4%

Commute Mode

Drove alone
49.2%
Carpooled
4.1%
Public transit
12.9%
Walked
2.2%
Bicycle
0.4%
Work from home
29.4%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 10.8%
Total Sales Tax 6.6%
State rate 6.6%
Avg local rate -0.0%
Property Tax 2.5%

💼 Income & Employment

Median Household Income
$250,001
235% above avg
Per Capita Income
$133,788
Unemployment Rate
1.9%
60% below avg
Poverty Rate
0.1%
Labor Force Participation
69.8%

🎓 Education

Bachelor's degree+ 37.5%
Graduate degree 43.5%

👥 Demographics

Median Age 42.8
Male median age 42.6
Female median age 42.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
64.0°F
Avg Low
46.7°F
Annual Precip
46.3"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 404351637382878578675645
Low °F 262734445363696760483831
Precip" 3.282.824.093.973.944.254.454.254.113.733.304.10

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 48 — Good
55.9%
Good air days/yr
197
Max AQI recorded
245
PM2.5 days
91
Ozone days

Frequently Asked Questions

What is the cost of living in Ho-Ho-Kus, NJ?

Ho-Ho-Kus has a cost index of 275 (100 = national average). It is 175% above the national average.

What is average rent in Ho-Ho-Kus, NJ?

The median gross rent in Ho-Ho-Kus is $2,375 per month based on 2023 Census data.

What is the average home price in Ho-Ho-Kus?

The median home value in Ho-Ho-Kus is $1,032,800 according to 2023 Census ACS data.

What is the median income in Ho-Ho-Kus?

The median household income in Ho-Ho-Kus is $250,001 per year (2023 ACS 5-year estimates).

What is the sales tax in Ho-Ho-Kus, NJ?

The combined state and local sales tax rate in Ho-Ho-Kus is 6.6%. The New Jersey state income tax top rate is 10.8%.

Is Ho-Ho-Kus, NJ affordable?

Ho-Ho-Kus is above average in cost of living, with an index of 275 — about 175% higher than the national average.

What is the weather like in Ho-Ho-Kus?

Ho-Ho-Kus has average high temperatures of 64.0°F and average lows of 46.7°F. Annual precipitation is 46.3". Data from NOAA 1991–2020 Climate Normals.

Ho-Ho-Kus at a Glance

Population
4,230
Median Income
$250,001
Home Value
$1,032,800
Median Rent
$2,375/mo
Unemployment
1.9%
Avg High Temp
64.0°F
Sales Tax
6.6%
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