Hopatcong, NJ

Above Avg · 112

New Jersey · Population 14,470 · Updated March 2026

$1,563
Median Rent / Month
$114,057
Median Income
$318,600
Median Home Value
$1,876
Owner Costs / Month

Affordability

How far your income goes in Hopatcong

16.4%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in New Jersey

State-level tax rates that affect your costs

10.75%
Income Tax (Top Rate)
6.625%
Sales Tax
2.23%
Property Tax Rate

Estimated Annual Costs

$18,756
Annual Rent
$12,261
State Income Tax
$7,105
Property Tax (est.)

Cost of Living Overview

Hopatcong is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 112 (where 100 equals the national median), Hopatcong residents can expect to pay median rent of $1,563/month while earning a median household income of $114,057/year.

The median home value in Hopatcong, NJ is $318,600, with typical monthly owner costs around $1,876 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.4% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

New Jersey's top income tax rate of 10.75% is among the highest in the nation, adding to the overall cost burden. Combined with a 6.625% sales tax rate and 2.23% effective property tax rate, the overall tax environment is a factor in the total cost of living in Hopatcong.

Frequently Asked Questions

Common questions about living costs in Hopatcong

What is the cost of living in Hopatcong, NJ?
The cost of living index in Hopatcong, NJ is 112 (US average = 100). Median monthly rent is $1,563, median household income is $114,057/year, and the median home value is $318,600.
Is Hopatcong, NJ affordable?
No, Hopatcong is more expensive than the national average with a cost index of 112. The rent-to-income ratio is 16.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Hopatcong, NJ?
The median gross rent in Hopatcong, NJ is $1,563 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $18,756.
What is the median household income in Hopatcong?
The median household income in Hopatcong, NJ is $114,057 per year. This compares to the national median of approximately $80,000.
What are the taxes like in New Jersey?
New Jersey has a top income tax rate of 10.75%, a sales tax of 6.625%, and an effective property tax rate of 2.23%.