Cost of Living in Mount Hope, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
160.3
100 = national avg
+60.3 vs national average
Living Wage (1 Adult)
$70,527
per year
Living Wage (Family of 4)
$166,701
per year
Cost Index by Category
Housing221.6
Food117.2
Transportation134.4
Healthcare113.8
Utilities134.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,822
per month
2 Bedroom
$2,205
per month
The overall cost of living index in Mount Hope is 160.3, which is 60.3% above the national average. Housing costs are above the national average at an index of 221.6. A single adult needs to earn approximately $70,527 per year to cover basic expenses.