Stanhope 76 Exceptional
Stanhope Livability #124 ranked city in New Jersey#3,019 ranked city in the USARanks better than 89% of areas

Pros and Cons of Living in Stanhope

PROS
  • Crime

    This area boasts a crime rate that is far below the national average, making it a very safe place to live. These crime statistics encompass both property and violent offenses.

  • Employment

    With higher than average median household income, income per capita and lower unemployment rates, this area scores extremely well in the employment category.

  • Housing

    Impressive scores in the housing category characterize this area, potentially attributed to the availability of affordable housing, strong appreciation rates and high home values.

  • Health & Safety

    Accessible health facilities like hospitals, doctors offices, clinics and nursing homes as well as good air quality are all factors that have led to a high score in this category.

  • Schools

    The high score in the schools category can be attributed to outstanding test scores, elevated graduation rates and the convenient placement of elementary and high schools in this area.

CONS
  • Amenities

    The majority of amenities will be difficult to reach within a short walk, often requiring residents to use a vehicle or public transportation for access.

  • Commute

    Low commute scores could be due to limited access to public transit in this area, as well as longer-than-average work commute times for residents.

  • Cost Of Living

    This area is known for its high cost of living, which means you should anticipate higher costs for everyday goods and services, housing, groceries, and health care.

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What's it like Living in Stanhope?

Stanhope, New Jersey is a small city with a population of 3,327 residents. At 87%, the majority of the Stanhope population is White; this is followed by 4% Black and 1% Asian. Long, unnecessary commutes can be both frustrating and inconvenient when heading to work. Nationwide, the average one-way commute time takes 26 minutes, but regrettably, residing in Stanhope entails a longer-than-average one-way commute time, averaging 34 minutes.

Without the right tools, moving to any new town can be very stressful and challenging. Living in Stanhope, New Jersey could be a good experience for anyone who puts in the time to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. The best areas in Stanhope and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, commute, education, you will see a detailed breakdown of the most important information as well as comparisons to the New Jersey and national averages.

Using data and statistics Stanhope has received a livability score of 74/100. This score is ranked in the 86th percentile when compared to all other cities. Based on the rankings for each individual category, Stanhope has received high marks for crime (A-), education (B), employment (A+) and housing (A+). On a less positive note, Stanhope does not have favorable ranks for the following: amenities (F) and cost of living (F). If we take a look at the data, we can find out why.

Ensuring a sense of security is paramount for the majority of residents in any area. Low crime rates exert a positive influence on various aspects, including home prices, rates of home appreciation and the cultivation of positive community dynamics and social cohesion. In the case of Stanhope, it boasts a notably low violent crime rate of 84 crimes per 100,000 residents, which significantly outperforms the national average.

Unemployment rates can range pretty dramatically from one city to another. Knowing that Stanhope has an unemployment rate of 2.53% could mean increased job opportunities with a higher demand for workers. It could also lead to higher wages, as the demand for workers exceeds the availability of jobs. Most importantly, it could be a sign of a healthy and thriving local economy.

For home buyers, real estate will be the largest purchase they will ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Stanhope apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city. A thriving real estate market can also generate strong local economic activity and job creation.

Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Stanhope. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Stanhope are affordable. Median real estate prices in Stanhope come in at $257,200, which is 18.7% lower than the New Jersey average. The home price to income ratio compares the median home prices to the median household income. In Stanhope, the home price to income ratio is 2.7, which is 37.2% lower than the New Jersey average.

Best Places to Live in and Around Stanhope

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Compare Stanhope, NJ Livability

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      Stanhope transportation information

      Statistic Stanhope New Jersey National
      Average one way commute34min31min26min
      Workers who drive to work84.6%71.7%76.4%
      Workers who carpool4.5%8.1%9.3%
      Workers who take public transit1.3%11.2%5.1%
      Workers who bicycle0.0%0.3%0.6%
      Workers who walk3.5%3.0%2.8%
      Working from home5.1%4.1%4.6%
      Source: The Stanhope, NJ data and statistics displayed above are derived from the United States Census Bureau American Community Survey (ACS).