Cost of Living in Hopatcong, NJ

Population 14,470 · New Jersey · Data vintage 2023

110
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Hopatcong a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $319,000.

Hopatcong is about 25 miles west of Paterson, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Paterson's $335,000 median.

Cost Overview

Housing 104
Rent 119

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

About the Cost of Living in Hopatcong

The median home value in Hopatcong is $318,600 — 4% above the national median of $305,000. Median rent runs $1,563/month, 19% higher than the national median of $1,314/month. The median household income of $114,057/year is 53% higher than the US median of $74,580. The local unemployment rate is 3.1%, 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 60.7°F and lows of 40.2°F. Overall, Hopatcong has a cost of living index of 110 versus the US average of 100, meaning it is 10% more expensive.

🏠 Housing

Median Home Value
$318,600
4% above avg
Zillow Home Value
$441,667
Zillow ZHVI
Median Rent
$1,563/mo
19% above avg
Price-to-Rent Ratio
17.0x
Favors buying
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 89.5%
Renter-occupied 10.5%

💰 Estimated Monthly Budget

Rent median rent
$1,563
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,177/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
39.0 min
44% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
15.2%

Commute Mode

Drove alone
76.9%
Carpooled
6.3%
Public transit
1.1%
Walked
0.1%
Work from home
15.2%

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
$114,057
53% above avg
Per Capita Income
$54,035
Unemployment Rate
3.1%
35% below avg
Poverty Rate
4.2%
Labor Force Participation
75.3%

🎓 Education

Bachelor's degree+ 22.5%
Graduate degree 11.7%

👥 Demographics

Median Age 41.4
Male median age 40.8
Female median age 41.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
60.7°F
Avg Low
40.2°F
Annual Precip
48.8"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 363948617179848274635241
Low °F 192028384857626052423225
Precip" 3.272.834.073.783.834.545.064.854.324.643.434.18

🏫 Schools

NCES CCD 2019 — public school district data

92%
4-Year Graduation Rate
10.8:1
Student-teacher ratio
4
Public schools
1,522
Total enrollment

Frequently Asked Questions

What is the cost of living in Hopatcong, NJ?

Hopatcong has a cost index of 110 (100 = national average). It is 10% above the national average.

What is average rent in Hopatcong, NJ?

The median gross rent in Hopatcong is $1,563 per month based on 2023 Census data.

What is the average home price in Hopatcong?

The median home value in Hopatcong is $318,600 according to Zillow and Census data.

What is the median income in Hopatcong?

The median household income in Hopatcong is $114,057 per year (2023 ACS 5-year estimates).

What is the sales tax in Hopatcong, NJ?

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

Is Hopatcong, NJ affordable?

Hopatcong is near the national average in terms of cost of living, with an index of 110 (100 = US average).

What is the weather like in Hopatcong?

Hopatcong has average high temperatures of 60.7°F and average lows of 40.2°F. Annual precipitation is 48.8". Data from NOAA 1991–2020 Climate Normals.

Hopatcong at a Glance

Population
14,470
Median Income
$114,057
Home Value
$318,600
Median Rent
$1,563/mo
Unemployment
3.1%
Avg High Temp
60.7°F
Sales Tax
6.6%
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