Cost of Living in Hope, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
134.9
100 = national avg
+34.9 vs national average
Living Wage (1 Adult)
$59,348
per year
Living Wage (Family of 4)
$140,276
per year
Cost Index by Category
Housing169.8
Food110.2
Transportation120.4
Healthcare108.2
Utilities120.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,527
per month
2 Bedroom
$1,895
per month
The overall cost of living index in Hope is 134.9, which is 34.9% above the national average. Housing costs are above the national average at an index of 169.8. A single adult needs to earn approximately $59,348 per year to cover basic expenses.