Hopewell cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexHopewellNew JerseyNational
Cost of living index137125100
IndexHopewellNew JerseyNational
Goods & Services index111112100
Groceries index104105100
Health care index107104100
Housing index200158100
Transportation index111112100
Utilities index115115100

Did you know?

  • The cost of living in Hopewell is 10% higher than the New Jersey average.
  • The cost of living in Hopewell is 37% higher than the national average.
  • The cost of housing in Hopewell is 100% higher than the national average.
  • New Jersey general sales tax is 30% higher than the national average.
  • New Jersey state income tax is 37% lower than the national average.

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Compare Hopewell, NJ Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$145,833$12,153$3,403$4,375
Renters$60,750$5,063$1,417$1,823

New Jersey Sales Tax

StateGeneral Sales TaxWith Max Surtax
New Jersey6.625%12.875%

New Jersey Income Tax

StateIncome Tax (Low)Income Tax (High)
New Jersey1.4%8.97%

Goods & Services

ItemHopewellNational avg.Difference
Haircut $19.00$16.0918.1%
Beauty Salon $36.33$37.332.7%
Toothpaste $2.12$2.4513.2%
Shampoo $1.06$1.005.9%
Movie $11.68$10.2813.6%
Bowling $4.98$4.931.0%

Groceries

ItemHopewellNational avg.Difference
Ground Beef $3.45$3.809.4%
Fried Chicken $1.47$1.405.0%
Milk $2.24$2.0111.4%
Potatoes $2.99$3.010.7%
Pizza $8.59$9.8913.1%
Beer $9.46$8.906.3%

Health Care

ItemHopewellNational avg.Difference
Optometrist $108.67$102.166.4%
Doctor $93.87$108.3613.4%
Dentist $115.62$92.5325.0%
Ibuprofen $8.39$9.289.6%
Lipitor $465.46$425.829.3%

Housing

ItemHopewellNational avg.Difference
Home Price $410,500.00$184,700.00122.3%
Avg. Mortgage Payment $1,644.65$1,202.4436.8%
Apartment Rent $1,393.00$949.0046.8%

Transportation

ItemHopewellNational avg.Difference
Gasoline $2.36$2.245.0%
Tire Balancing $57.32$46.2923.8%

Utilities

ItemHopewellNational avg.Difference
All Electricity$188.22$165.9613.4%
Phone $33.50$28.6816.8%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Zarephath, NJ811010%
Newtown CDP, PA25094-6%
Trenton, NJ84,55997-3%
Morrisville CDP, PA8621000%
Morrisville, PA8,61111111%
Hopewell, NJ1,90413737%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Big Lake, WA1,90413030%
Sturgis, KY1,90477-23%
Ledbetter, KY1,90488-12%
Charlotte, TX1,90477-23%
Greilickville, MI1,9051066%
Hopewell, NJ1,90413737%
Source: The Hopewell, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.