Housing costs in Hopewell?
A typical home costs
$523,000, which is 54.7% more expensive than the national average of
$338,100 and 21.0% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Hopewell costs
$2,070 per month, which is 44.8% more than the national average of
$1,430 and 17.4% more than the state average of
$1,710.
Can I afford Hopewell?
To live comfortably in Hopewell (zip 08525), New Jersey, a minimum annual income of
$100,080 for a family, and
$63,200 for a single person is recommended.
What does A.I. say about Hopewell?
The cost of living in 08525 Hopewell, NJ is relatively high. The median home price in the area is $344,800, which is well above the national average of $184,700. Additionally, the cost of everyday goods and services can be expensive when compared to other areas. For example, transportation costs are significantly higher than in other parts of the country due to its close proximity to New York City. Similarly, grocery costs are slightly higher than the national average due to a lack of competition from larger chain stores. Despite these higher costs, residents still benefit from a strong local economy with plenty of job opportunities and an overall high quality of life.