Cost of Living in Hopewell, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
209.4
100 = national avg
+109.4 vs national average
Living Wage (1 Adult)
$92,145
per year
Living Wage (Family of 4)
$217,797
per year
Cost Index by Category
Housing254.2
Food158.8
Transportation217.7
Healthcare147.1
Utilities166.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,545
per month
2 Bedroom
$1,950
per month
The overall cost of living index in Hopewell is 209.4, which is 109.4% above the national average. Housing costs are above the national average at an index of 254.2. A single adult needs to earn approximately $92,145 per year to cover basic expenses.