Hopewell Junction, NY Cost of Living


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Hopewell Junction cost of living score
118.3
More expensive
18.3% higher
than the US average
2.6% lower
than the New York average
Hopewell Junction, New York gets a BestPlaces Cost of Living score of 118.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 18.3% higher than the U.S. average and 2.6% higher than the average for New York.

Hopewell Junction, NY

Housing costs in Hopewell Junction?
A typical home costs $479,300, which is 41.8% more expensive than the national average of $338,100 and 15.9% more expensive than the average New York home, at $413,600. Renting a two-bedroom unit in Hopewell Junction costs $2,110 per month, which is 47.6% more than the national average of $1,430 and 7.1% more than the state average of $1,960.

Can I afford Hopewell Junction?
To live comfortably in Hopewell Junction, New York, a minimum annual income of $91,800 for a family, and $66,000 for a single person is recommended.

What does A.I. say about Hopewell Junction?
The cost of living in Hopewell Junction, NY is generally higher than the national average. The average home price in Hopewell Junction is around $305,000, which is significantly higher than the US average of about $200,000. Additionally, the median household income is about $84,000 per year and the local sales tax rate is 8%. Overall, living costs in Hopewell Junction are more expensive than many other areas in the country.
   Cost of living score
     CategoriesHopewell JunctionNew YorkUnited States
  118.3121.5100.0
  108.1103.8100
  126.5120.7100.0
  154.3127.9100.0
  $479,300$413,600$338,100
  121.9%115.9%100.0%
  116.8140.7100.0
  153.4121.8100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Hopewell Junction
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Over 10 years ago

While we are surrounded by beautiful nature - the cost of living here is astronomical and we are still an hour and a half from NYC. The weather is extreme. Time to move  More

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Over 17 years ago

This Hudson valley is beautiful. Being able to sit on the deck in the evening and not fight bugs is wonderful. More stars at night than you can count. Population  More

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