Housing costs in Hopewell borough?
A typical home costs
$537,700, which is 59.0% more expensive than the national average of
$338,100 and 24.4% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Hopewell borough costs
$2,150 per month, which is 50.3% more than the national average of
$1,430 and 20.5% more than the state average of
$1,710.
Can I afford Hopewell borough?
To live comfortably in Hopewell borough, New Jersey, a minimum annual income of
$102,960 for a family, and
$65,600 for a single person is recommended.
What does A.I. say about Hopewell borough?
The cost of living in Hopewell Borough, NJ is one of the highest in the state. The median home value is more than $500,000, and the average rent for a two-bedroom apartment is over $2,000 per month. Utilities are also expensive in this area, with electricity costing about 20% more than the national average. Despite these higher costs, residents enjoy an excellent quality of life with access to quality education, parks and outdoor activities. Shopping and dining options are plentiful, adding to the overall appeal of living in this borough.