Cost of Living in Hopewell, NJ

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F
41%
Overall NAT. AVG.
8%
Groceries NAT. AVG.
113%
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 Hopewell New Jersey National
Cost of living141125100
Groceries108108100
Health care109112100
Housing213157100
Transportation110114100
Utilities108111100
Lifestyle & Entertainment114113100
Household Items105107100
Education & Childcare118120100
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Homes For Sale In Hopewell, NJ

property for sale

13 Hart Ave

Hopewell, NJ
property for sale

117 Hopewell Rocky Hill Rd

Hopewell, NJ
property for sale

235 Hopewell Amwell Rd

Hopewell, NJ
property for sale

212 Hopewell Princeton Rd

Hopewell, NJ

Cost Of Living Quick Facts

  • The cost of living in Hopewell is 12% higher than the New Jersey average
  • The cost of living in Hopewell is 41% higher than the national average
  • Hopewell housing is 113% 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

Most Affordable Places to Live in and Around Hopewell

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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$220,523$18,377$5,145$6,616
      Renters$118,065$9,839$2,755$3,542

      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.
      Zarephath, NJ9811312.8%
      Newtown CDP, PA2588515.4%
      Morrisville CDP, PA896991.1%
      Trenton, NJ86,528991.0%
      Morrisville, PA8,78811212.0%
      Hopewell, NJ1,89614140.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      State Center, IA1,8968712.9%
      Varnville, SC1,8968613.8%
      Stowell, TX1,8968811.8%
      Capac, MI1,8958614.4%
      Fairchance, PA1,8978317.2%
      Hopewell, NJ1,89614140.7%
      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.
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