Cost of Living in Lake Hopatcong, NJ
Population 10,383 · New Jersey · Data vintage 2023
(100 = US avg)
Lake Hopatcong is a smaller New Jersey community of around 10000 residents, where median household incomes of $111,614 and housing costs ($388,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. The labor market has been unusually tight, with unemployment around 2.5% — below most comparable cities in the state.
Located 25 miles west of Paterson, Lake Hopatcong falls within that metro's commuting orbit. Median home values run roughly 16% higher than Paterson's $335,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lake Hopatcong
The median home value in Lake Hopatcong is $388,300 — 27% above the national median of $305,000. Median rent runs $1,599/month, 22% higher than the national median of $1,314/month. The median household income of $111,614/year is 50% higher than the US median of $74,580. The local unemployment rate is 2.5%, 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, Lake Hopatcong has a cost of living index of 125 versus the US average of 100, meaning it is 25% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 36 | 39 | 48 | 61 | 71 | 79 | 84 | 82 | 74 | 63 | 52 | 41 |
| Low °F | 19 | 20 | 28 | 38 | 48 | 57 | 62 | 60 | 52 | 42 | 32 | 25 |
| Precip" | 3.27 | 2.83 | 4.07 | 3.78 | 3.83 | 4.54 | 5.06 | 4.85 | 4.32 | 4.64 | 3.43 | 4.18 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Lake Hopatcong, NJ?
Lake Hopatcong has a cost index of 125 (100 = national average). It is 25% above the national average.
What is average rent in Lake Hopatcong, NJ?
The median gross rent in Lake Hopatcong is $1,599 per month based on 2023 Census data.
What is the average home price in Lake Hopatcong?
The median home value in Lake Hopatcong is $388,300 according to 2023 Census ACS data.
What is the median income in Lake Hopatcong?
The median household income in Lake Hopatcong is $111,614 per year (2023 ACS 5-year estimates).
What is the sales tax in Lake Hopatcong, NJ?
The combined state and local sales tax rate in Lake Hopatcong is 6.6%. The New Jersey state income tax top rate is 10.8%.
Is Lake Hopatcong, NJ affordable?
Lake Hopatcong is above average in cost of living, with an index of 125 — about 25% higher than the national average.
What is the weather like in Lake Hopatcong?
Lake 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.
Lake Hopatcong at a Glance
- Population
- 10,383
- Median Income
- $111,614
- Home Value
- $388,300
- Median Rent
- $1,599/mo
- Unemployment
- 2.5%
- Avg High Temp
- 60.7°F
- Sales Tax
- 6.6%
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New Jersey Rankings
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