Living in Mount Hope, New Jersey
Cost of living, income, home prices, rent and demographics of Mount Hope · Census data 2020–2024
Mount Hope has 3,120 residents with a median age of 58.6. The median household income is $86,607 (16% lower than the New Jersey median), the median home value is $398,000, the median rent is $1,585/month.
Mount Hope at a glance
- Population
- 3,120
- Median age
- 58.6State: 40.1
- Median household income
- $86,607State: $103,556
- Median home value
- $398,000State: $454,400
- Median rent
- $1,585/moState: $1,720
- Homeowners
- 83.1%
- Bachelor's degree or higher
- 50.3%
- Average commute
- 27 min
Is Mount Hope a good place to live?
Pros: Home values 12% lower than the state median; an average commute of 27 minutes; unemployment of 4.4%; a poverty rate of 6.1%.
Cons: Median household income 16% lower than the New Jersey median.
The weather is best in June to September.
Cost of living in Mount Hope
Housing is the biggest part of the cost of living. In Mount Hope the median home value is $398,000, 20% higher than the U.S. median. Renters pay a median of $1,585 per month, which is 27.3% of household income. Homeowners with a mortgage pay $2,563 a month in housing costs.
Mount Hope median household income
The median household income in Mount Hope is $86,607 and the income per person is $61,273. 6.1% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Mount Hope: homes for sale and rent
- Housing units
- 1,652
- Owner-occupied
- 83.1%
- Renter-occupied
- 16.9%
- Vacant
- 1%Includes seasonal homes
- Median year built
- 2001
- Average household size
- 1.91
Mount Hope demographics
- Population
- 3,120
- Median age
- 58.6
- Under 18
- 11.4%
- 65 and older
- 44.1%
- Households
- 1,636
- Foreign-born
- 4.1%
- Veterans
- 6.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Mount Hope ›
Education in Mount Hope
50.3% of adults 25 and older in Mount Hope have a bachelor's degree or higher (New Jersey: 43.6%), and 15.6% have a graduate or professional degree.
Jobs and commute in Mount Hope
- Unemployment rate
- 4.4%State: 6.3%
- Average commute
- 27 minState: 31 min
- Work from home
- 25.8%
- Drive alone
- 65.5%
- Public transit
- 4.1%
- Walk to work
- 2.6%
- Homes with broadband
- 94.6%
Mount Hope vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Mount Hope | 3,120 | $86,607 | $398,000 | $1,585 |
| Wharton | 7,318 | $85,767 | $380,700 | $1,720 |
| White Meadow Lake | 8,842 | $149,324 | $470,800 | $2,686 |
| Dover | 18,563 | $73,737 | $366,700 | $1,825 |
| Rockaway | 6,613 | $107,053 | $448,100 | $1,587 |
| Victory Gardens | 1,759 | $62,550 | $250,600 | $1,518 |
| Hibernia | 115 | $121,205 | $451,800 | — |
| Mine Hill | 4,048 | $119,583 | $434,100 | $1,771 |
| Denville | 17,205 | $160,817 | $564,600 | $1,817 |
More for people moving to Mount Hope
Mount Hope ZIP code ›Weather and climate ›Living in Mount Hope: FAQ
What is the median household income in Mount Hope, NJ?
The median household income in Mount Hope is $86,607, 16% lower than 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 Mount Hope?
The median home value in Mount Hope is $398,000, compared with $454,400 in New Jersey.
How much is rent in Mount Hope?
The median gross rent in Mount Hope is $1,585 per month, about 27.3% of household income.
Is Mount Hope, NJ a good place to live?
Pluses: home values 12% lower than the state median; an average commute of 27 minutes; unemployment of 4.4%; a poverty rate of 6.1%. Minuses: median household income 16% lower than the New Jersey median.
What is the median age in Mount Hope?
The median age in Mount Hope is 58.6 years (New Jersey: 40.1).
How long is the commute in Mount Hope?
The average commute to work in Mount Hope is 27 minutes; 25.8% of workers work from home.
What is the unemployment rate in Mount Hope?
The unemployment rate in Mount Hope is 4.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Mount Hope?
50.3% of adults in Mount 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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