Hopewell, NY Cost of Living


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Hopewell cost of living score
90.8
Less expensive
9.2% lower
than the US average
25.3% lower
than the New York average
Hopewell, New York gets a BestPlaces Cost of Living score of 90.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 9.2% lower than the U.S. average and 25.3% lower than the average for New York.

Hopewell, NY

Housing costs in Hopewell?
A typical home costs $187,800, which is 44.5% less expensive than the national average of $338,100 and 54.6% less expensive than the average New York home, at $413,600. Renting a two-bedroom unit in Hopewell costs $1,160 per month, which is 18.9% cheaper than the national average of $1,430 and 69.0% cheaper than the state average of $1,960.

Can I afford Hopewell?
To live comfortably in Hopewell, New York, a minimum annual income of $36,000 for a family, and $36,800 for a single person is recommended.

What does A.I. say about Hopewell?
The cost of living in Hopewell, NY is relatively affordable compared to other parts of the state. Prices for basic necessities like food, housing, and transportation are generally lower than other places in New York. The median home price is around $213,000 which is below the current national average. The average rent for a one-bedroom apartment is $882 per month, which also remains below the national average. Utilities are affordable as well with electricity costing an average of 10 cents per kilowatt hour and natural gas costing approximately 32 cents per therm. In terms of transportation costs, public transportation such as buses and trains remain reasonably priced and discounts are available for seniors and students. All in all, Hopewell offers an affordable cost of living that can be beneficial to both local residents and newcomers alike.
   Cost of living score
     CategoriesHopewellNew YorkUnited States
  90.8121.5100.0
  101.8103.8100
  105.8120.7100.0
  56.2127.9100.0
  $187,800$413,600$338,100
  101.9%115.9%100.0%
  99.7140.7100.0
  140.2121.8100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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