Cost Of Living in Hope, NJ

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C

7%

Overall NAT. AVG.

0%

Groceries NAT. AVG.

26%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Hope	New Jersey	National
Cost of living	107	125	100
Groceries	100	108	100
Health care	97	112	100
Housing	126	157	100
Transportation	100	114	100
Utilities	98	111	100
Lifestyle & Entertainment	98	113	100
Household Items	99	107	100
Education & Childcare	98	120	100

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Homes For Sale In Hope, NJ

337 Johnsonburg Rd

Blairstown, NJ

Cost Of Living Quick Facts

The cost of living in Hope is 15% lower than the New Jersey average
The cost of living in Hope is 7% higher than the national average
Hope housing is 26% higher than the national average
New Jersey general sales tax is 30% higher than the national average
New Jersey state income tax is 46% lower than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$183,651	$15,304	$4,285	$5,510
Renters	$0	$0	$0	$0

New Jersey Sales Tax

State	General Sales Tax	With Max Surtax
New Jersey	6.625%	12.625%

New Jersey Income Tax

State	Income Tax (Low)	Income Tax (High)
New Jersey	1.4%	10.75%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Port Murray, NJ	223	99	1.2%
Great Meadows, NJ	272	99	1.2%
Port Colden, NJ	86	99	1.2%
Broadway, NJ	187	99	1.2%
Buttzville, NJ	59	99	1.2%
Hope, NJ	156	107	7.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
North Johns, AL	156	80	19.8%
Powhatan, AR	156	83	17.4%
North San Juan, CA	156	128	28.2%
Chester, IA	156	82	18.0%
Garden City, IA	156	74	25.5%
Hope, NJ	156	107	7.1%