Zip 08525 (Hopewell, NJ) Economy


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Hopewell, NJ 08525 is a charming town located in Mercer county with a population of just under 2,000. It offers peaceful seclusion while still being close to bustling cities such as Princeton and Trenton. The average rent for a two-bedroom apartment in Hopewell is $2,070 which is significantly higher than the national average of $1,430. In addition, the Grocery Cost Index for this area is 111 versus 100 in the US.
For those looking to live in Hopewell there are many great amenities and businesses nearby. There are local restaurants such as The Peacock Cafe and Tutto Fresco offering delicious cuisine for any occasion. After dinner you can head over to one of the many breweries like Triumph Brewing Company or Iron Plow Vineyards where you can enjoy craft beer or wine on their outdoor patios. If you're looking for a fun outing with friends then check out Hopewell Valley Golf Club where you can play 9 or 18 holes of golf surrounded by some of the most beautiful scenery New Jersey has to offer.

Hopewell (zip 08525) has an unemployment rate of 6.2%. The US average is 6.0%.

Hopewell (zip 08525) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 29.4%, which is lower than the US average of 33.5%.

Tax Rates for Hopewell (zip 08525)
- The Sales Tax Rate for Hopewell (zip 08525) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Hopewell (zip 08525) is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Hopewell (zip 08525)
- The average income of a Hopewell (zip 08525) resident is $63,331 a year. The US average is $28,555 a year.
- The Median household income of a Hopewell (zip 08525) resident is $133,649 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHopewell, New JerseyUnited States
  6.26
  -4.1%-6.2%
  29.4%33.5%
  6.6%6.2%
  5.5%4.6%
  $66,879$37,638
  $133,649$69,021
  $162,917$85,028
  Population by Occupation
  0.6%1.2%
  0.2%0.5%
  11.6%6.8%
  8.2%10.0%
  2.3%2.5%
  7.0%11.0%
  2.3%4.8%
  0.5%0.8%
  1.0%1.9%
  3.5%4.7%
  2.9%1.9%
  12.3%7.6%
  0.0%0.1%
  2.6%4.2%
  20.0%9.3%
  7.8%14.0%
  5.5%2.1%
  2.5%7.0%
  5.0%4.8%
  4.3%4.7%
Reviews for Hopewell
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I've rented in Hopewell for about 2 years now and even though I love the historical aspects I dislike driving 25 Minutes to the closest affordable stores. If you have  More

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