Hopewell borough, NJ Economy


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Hopewell borough, NJ is a vibrant community located in Mercer County. It is known for its friendly atmosphere and excellent schools. Residents of Hopewell enjoy access to great amenities such as grocery stores, restaurants, parks, libraries, museums, and more. The rent for a two-bedroom apartment in the area is relatively high compared to the US average at $2,150 per month. Grocery costs in Hopewell are also higher than the national average with an index of 111 versus 100 in the US. Popular local companies include \"John's Produce\" which boasts fresh local produce from local farmers and \"Hopewell Pizzeria\" which serves up delicious Italian cuisine. Other popular attractions nearby include Washington Crossing State Park, Pennsbury Manor Historic Site, and Grounds For Sculpture.

Hopewell borough has an unemployment rate of 6.2%. The US average is 6.0%.

Hopewell borough has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 29.4%, which is lower than the US average of 33.5%.

Tax Rates for Hopewell borough
- The Sales Tax Rate for Hopewell borough is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Hopewell borough is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Hopewell borough
- The average income of a Hopewell borough resident is $53,391 a year. The US average is $28,555 a year.
- The Median household income of a Hopewell borough resident is $125,400 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHopewell borough, New JerseyUnited States
  6.26
  -4.1%-6.2%
  29.4%33.5%
  6.6%6.2%
  5.5%4.6%
  $65,409$37,638
  $125,400$69,021
  $136,250$85,028
  Population by Occupation
  0.0%1.2%
  0.6%0.5%
  5.0%6.8%
  10.2%10.0%
  0.5%2.5%
  8.0%11.0%
  1.5%4.8%
  0.7%0.8%
  2.2%1.9%
  3.5%4.7%
  1.7%1.9%
  13.9%7.6%
  0.0%0.1%
  1.0%4.2%
  24.4%9.3%
  6.3%14.0%
  4.9%2.1%
  6.5%7.0%
  3.8%4.8%
  5.2%4.7%
Reviews for Hopewell borough
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Over 15 years ago

I have lived in Hopewell (4 different houses) for 30 years. It is a wonderful town with a great elementary school in town. Lots of antique stores but you have to drive  More

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