Housing costs in Hope township?
A typical home costs
$399,200, which is 18.1% more expensive than the national average of
$338,100 and 7.6% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Hope township costs
$1,740 per month, which is 21.7% more than the national average of
$1,430 and close to the state average of
$1,710.
Can I afford Hope township?
To live comfortably in Hope township, New Jersey, a minimum annual income of
$76,320 for a family, and
$57,600 for a single person is recommended.
What does A.I. say about Hope township?
The cost of living in Hope, NJ is generally lower than the average for New Jersey and the US as a whole. According to data from BestPlaces, the cost of living index (COLI) is 91.3 for Hope, NJ which is slightly lower than both the US average (100) and New Jersey's average (103.5). This can be attributed to the town's relatively low housing costs that are on average 20-30% lower than other parts of New Jersey. Additionally, grocery prices and healthcare costs are also below average. All of this helps make Hope, NJ an affordable place to live for many families and individuals.