| Index | Hopatcong | New Jersey | National |
| Cost of living | 123 | 125 | 100 |
| Groceries | 110 | 108 | 100 |
| Health care | 112 | 112 | 100 |
| Housing | 142 | 157 | 100 |
| Transportation | 120 | 114 | 100 |
| Utilities | 112 | 111 | 100 |
| Lifestyle & Entertainment | 112 | 113 | 100 |
| Household Items | 110 | 107 | 100 |
| Education & Childcare | 128 | 120 | 100 |
The cost of living in Hopatcong affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Hopatcong is 123, which is 23% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The cost of living in Hopatcong is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Hopatcong falls into this category, which may not be suitable for those seeking an economically favorable living environment.
Housing costs are a very significant part of the Hopatcong cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 41.8% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Groceries are getting more expensive by the day and the cost of groceries makes up 13% of the overall cost of living index. In the past two years, prices have shot up by over 10%! Unfortunately, in Hopatcong, it's the same story – grocery costs are 10.3% higher than what people pay across the country.
Is Hopatcong an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Hopatcong is 35.8% higher than the national average, while the average monthly rent prices are 56% higher than average. The affordability of any location can also be influenced by median income levels. Hopatcong has a median household income of $144,964, which is 78.2% higher than the national average.
Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday household expenses, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Hopatcong, the standard sales tax rate starts at 6.625%, and the income tax rates commence at 1.4%.
Transportation: In areas where public transportation is scarce or unavailable, residents often find themselves compelled to own and upkeep vehicles, thereby increasing the overall cost of living. Monthly expenses encompass fuel, insurance, routine maintenance and potentially lease or financing payments. In Hopatcong, the transportation index is 20% higher than the national average.
Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Hopatcong, the utilities index stands at 11.8% higher than the national average.
The cost of living estimates displayed for Hopatcong are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $152,773 | $12,731 | $3,564 | $4,584 |
| Renters | $120,763 | $10,064 | $2,818 | $3,623 |
| State | General Sales Tax | With Max Surtax |
| New Jersey | 6.625% | 12.625% |
| State | Income Tax (Low) | Income Tax (High) |
| New Jersey | 1.4% | 10.75% |
| City | Population | Cost of Living Index | National Avg. |
| Great Meadows, NJ | 272 | 99 | 1.2% |
| Port Murray, NJ | 223 | 99 | 1.2% |
| Ross Corner, NJ | 216 | 106 | 6.1% |
| Marksboro, NJ | 128 | 96 | 3.7% |
| Victory Gardens, NJ | 1,654 | 108 | 7.7% |
| Hopatcong, NJ | 14,711 | 123 | 22.7% |
| City | Population | Cost of Living Index | National Avg. |
| Hockessin, DE | 14,708 | 141 | 41.5% |
| Princeton Meadows, NJ | 14,708 | 153 | 53.1% |
| Port Orchard, WA | 14,715 | 131 | 31.1% |
| West Nipissing / Nipissing Ouest, ON | 14,724 | n/a | |
| East Milton, FL | 14,691 | 93 | 6.6% |
| Hopatcong, NJ | 14,711 | 123 | 22.7% |
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