Housing costs in Hopewell township?
A typical home costs
$582,600, which is 72.3% more expensive than the national average of
$338,100 and 34.8% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Hopewell township costs
$2,200 per month, which is 53.8% more than the national average of
$1,430 and 22.3% more than the state average of
$1,710.
Can I afford Hopewell township?
To live comfortably in Hopewell township, New Jersey, a minimum annual income of
$111,600 for a family, and
$67,200 for a single person is recommended.
What does A.I. say about Hopewell township?
The cost of living in Hopewell Township (Mercer County), NJ is relatively high. According to recent data, the median home value in Hopewell Township is $514,700, which is considerably higher than the national average of $231,200. The median household income for residents in Hopewell Township is also higher than the national average at $130,680 compared to $61,937. Additionally, the overall expense index in Hopewell Township is 111.4 and costs for goods and services are 11.4% higher than the national average. However, despite its higher cost of living relative to the rest of the country, Hopewell Township is a desirable place to live due to its excellent school system and close proximity to major cities like New York City and Philadelphia.