Lake Hopatcong, NJ

Living costs in Lake Hopatcong land close to the national average, with a Cost Index of 110 (where 100 = the US baseline). Housing is the largest variable: the median home value here is $388,300, and typical monthly rents run around $1,599. Groceries and utilities are slightly below what you would find in most US cities.

Start with housing. Typical monthly rent is $1,599, while local median household income is $111,614. That implies a rent-burden proxy of about 17% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.

New Jersey has a progressive state income tax with a top rate of 10.75%. The effective property tax rate is 2.47%. On a home worth $388,300, that translates to roughly $9,591 per year in property taxes. Sales tax (state + local) averages around 6.6% on everyday purchases.

The typical monthly rent in Lake Hopatcong is around $1,599. That's about 19% higher than the $1,348 national median. For comparison, the median home value here is $388,300, so buyers should also factor in mortgage payments, property taxes, and insurance.

The median home in Lake Hopatcong is valued at $388,300. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $1,963/month for principal and interest alone — before property taxes and insurance. About 93% of residents here own their homes.

Grocery prices in Lake Hopatcong are about average compared to the rest of the US (index: 96, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 88). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.

Lake Hopatcong is a small town with a population of about 10,383. The median age of residents is 46.5, skewing somewhat older — common in established suburban communities. The local poverty rate is 3.56%, well below the national average of 12.4%.