Living in Hope, New Jersey
Cost of living, income, home prices, rent and demographics of Hope · Census data 2020–2024
Hope has 1,818 residents with a median age of 55.3. The median household income is $105,625 (about the same as the New Jersey median), the median home value is $426,600, the median rent is $1,355/month.
Hope at a glance
- Population
- 1,818
- Median age
- 55.3State: 40.1
- Median household income
- $105,625State: $103,556
- Median home value
- $426,600State: $454,400
- Median rent
- $1,355/moState: $1,720
- Homeowners
- 88%
- Bachelor's degree or higher
- 31.6%
- Average commute
- 35 min
Is Hope a good place to live?
Pros: Median household income about the same as the New Jersey median; home values 6% lower than the state median; unemployment of 3.5%; a poverty rate of 8.7%.
Cons: An average commute of 35 minutes.
The weather is best in June to September.
Cost of living in Hope
Housing is the biggest part of the cost of living. In Hope the median home value is $426,600, 28% higher than the U.S. median. Renters pay a median of $1,355 per month, which is 25% of household income. Homeowners with a mortgage pay $2,367 a month in housing costs.
Hope median household income
The median household income in Hope is $105,625 and the income per person is $49,921. 8.7% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Hope: homes for sale and rent
- Housing units
- 840
- Owner-occupied
- 88%
- Renter-occupied
- 12%
- Vacant
- 6.5%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 2.32
Hope demographics
- Population
- 1,818
- Median age
- 55.3
- Under 18
- 12.7%
- 65 and older
- 26.6%
- Households
- 785
- Foreign-born
- 9%
- Veterans
- 4.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Hope ›
Education in Hope
31.6% of adults 25 and older in Hope have a bachelor's degree or higher (New Jersey: 43.6%), and 11.5% have a graduate or professional degree.
Jobs and commute in Hope
- Unemployment rate
- 3.5%State: 6.3%
- Average commute
- 35 minState: 31 min
- Work from home
- 12.9%
- Drive alone
- 73.6%
- Public transit
- 0.9%
- Walk to work
- 3.8%
- Homes with broadband
- 96.1%
Hope vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hope | 1,818 | $105,625 | $426,600 | $1,355 |
| Mount Hermon | 207 | $55,417 | $405,200 | — |
| Silver Lake | 284 | $107,083 | $293,200 | — |
| Liberty | 2,680 | $120,494 | $363,600 | $1,695 |
| Mountain Lake | 574 | $108,056 | $340,000 | $1,808 |
| Knowlton | 2,919 | $97,734 | $345,400 | $1,833 |
| Delaware | 101 | $66,528 | $266,700 | — |
| Blairstown | 5,741 | $124,231 | $406,300 | $1,694 |
| Bridgeville | 104 | $75,500 | — | — |
More for people moving to Hope
Hope ZIP code ›Weather and climate ›Living in Hope: FAQ
What is the median household income in Hope, NJ?
The median household income in Hope is $105,625, about the same as the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Hope?
The median home value in Hope is $426,600, compared with $454,400 in New Jersey.
How much is rent in Hope?
The median gross rent in Hope is $1,355 per month, about 25% of household income.
Is Hope, NJ a good place to live?
Pluses: median household income about the same as the New Jersey median; home values 6% lower than the state median; unemployment of 3.5%; a poverty rate of 8.7%. Minuses: an average commute of 35 minutes.
What is the median age in Hope?
The median age in Hope is 55.3 years (New Jersey: 40.1).
How long is the commute in Hope?
The average commute to work in Hope is 35 minutes; 12.9% of workers work from home.
What is the unemployment rate in Hope?
The unemployment rate in Hope is 3.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hope?
31.6% of adults in Hope have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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