Housing costs in Lake Hopatcong?
A typical home costs
$391,000, which is 15.6% more expensive than the national average of
$338,100 and 9.5% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Lake Hopatcong costs
$1,770 per month, which is 23.8% more than the national average of
$1,430 and 3.4% more than the state average of
$1,710.
Can I afford Lake Hopatcong?
To live comfortably in Lake Hopatcong (zip 07849), New Jersey, a minimum annual income of
$74,880 for a family, and
$59,200 for a single person is recommended.
What does A.I. say about Lake Hopatcong?
The cost of living in 07849 Lake Hopatcong, NJ is higher than the national average. It has an overall cost of living index of 118.8, which is 18.8% higher than the U.S. average. Housing costs make up a large portion of the total cost of living in this area, with an average home price of around $370,000 for a single family dwelling. The median household income is also slightly above the U.S. average at $100,451 per year while the median rent payment is approximately $1762 per month for a two-bedroom apartment. Groceries and utilities are also more expensive here than the U.S. average; however, transportation costs are slightly lower due to the great access to public transit and local roads that offer easy commutes into New York City and other nearby areas within New Jersey.