Cost of Living in Lake Mohawk, NJ
Population 9,116 · New Jersey · Data vintage 2023
(100 = US avg)
Lake Mohawk is a smaller New Jersey community of around 9000 residents, where median household incomes of $145,806 and housing costs ($419,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. An unemployment rate of 2.3% points to a labor market well on the tight side of the national distribution.
Located 25 miles west of Paterson, Lake Mohawk falls within that metro's commuting orbit. Median home values run roughly 25% higher than Paterson's $335,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lake Mohawk
The median home value in Lake Mohawk is $418,800 — 37% above the national median of $305,000. Median rent runs $1,838/month, 40% higher than the national median of $1,314/month. The median household income of $145,806/year is 96% higher than the US median of $74,580. The local unemployment rate is 2.3%, 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 Mohawk has a cost of living index of 138 versus the US average of 100, meaning it is 38% more expensive.
Lake Mohawk has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 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 |
Frequently Asked Questions
What is the cost of living in Lake Mohawk, NJ?
Lake Mohawk has a cost index of 138 (100 = national average). It is 38% above the national average.
What is average rent in Lake Mohawk, NJ?
The median gross rent in Lake Mohawk is $1,838 per month based on 2023 Census data.
What is the average home price in Lake Mohawk?
The median home value in Lake Mohawk is $418,800 according to 2023 Census ACS data.
What is the median income in Lake Mohawk?
The median household income in Lake Mohawk is $145,806 per year (2023 ACS 5-year estimates).
What is the sales tax in Lake Mohawk, NJ?
The combined state and local sales tax rate in Lake Mohawk is 6.6%. The New Jersey state income tax top rate is 10.8%.
Is Lake Mohawk, NJ affordable?
Lake Mohawk is above average in cost of living, with an index of 138 — about 38% higher than the national average.
What is the weather like in Lake Mohawk?
Lake Mohawk 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 Mohawk at a Glance
- Population
- 9,116
- Median Income
- $145,806
- Home Value
- $418,800
- Median Rent
- $1,838/mo
- Unemployment
- 2.3%
- Avg High Temp
- 60.7°F
- Sales Tax
- 6.6%
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