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Cost of living, pay and housing

40.92° N · 74.55° W · GEOID 3448930

Mount Hope

Morris County, New Jersey · part of the New York, NY metro

Limited data population under 5,000

New JerseyMount Hope, NJMount HopeMount Hope

The short answer

Mount Hope is home to 3,120 people. Median household income is $86,607 a year and median rent is $1,585 a month, 22.0% of income (a ratio of two medians, not any one household's burden). Rent pressure is lighter than in most places. The median home is valued at $398,000, about 4.6x annual median household income.

Median gross rent
$1,585
16% above the median place
Median household income
$86,607
8% above the median place
Median home value
$398,000
25% above the median place
Unemployment
5.2%
6% above the median place

Compared with the median of the 6,645 places we track. The bundle was checked 2026-11-14; each measure may refer to an older release.

What stands out about Mount Hope

  • The median resident is 58.6 years old, older than in 97% of the 2,479 places under 10,000 people we track.
  • Households average 1.91 people, smaller than in 96% of places its size.
  • Half the homes were built after 2001, newer housing than in 91% of places its size. It is the 3rd-highest of 287 New Jersey places.
  • 26% of workers mostly work from home, more than in 88% of places its size.
  • Owning with a mortgage costs about $978 a month more than the median rent, a wider gap than in 85% of places its size.
01

Moving to Mount Hope

Morris County loses about 1.7 residents per 1,000 a year to moves between counties.

Moved in21,696
Moved out22,456
Net−760

Where people come from and where they go, top counties

Essex County, NJ2,6401,274+1,366
Passaic County, NJ2,1381,144+994
Bergen County, NJ1,909880+1,029
Sussex County, NJ1,2001,502−302
Hudson County, NJ1,779891+888
Somerset County, NJ9191,121−202
Union County, NJ1,154760+394

Within New Jersey, other states or abroad

Arrivals
Leavers
Within New JerseyOther statesAbroad

Income per tax return

Arrivals$135K
Leavers$132K

People on tax returns who moved between counties, from IRS migration data, 2022 to 2023. Figures are for all of Morris County; flows under 20 returns are not published.

Who moves here
5.3% of residents arrived from another county in the past year, 1.4% from another state. County figure.
Who arrives and who leaves
Households moving into Morris County report $134,700 a year in income on average; those leaving, $132,400.
Income you would need
$63,400 a year to rent the median home at the 30% line. From your city
Rent or buy
Median rent is $1,585 a month; owners with a mortgage pay $2,563 a month including taxes and insurance, on a median home of $398,000.
Getting to work
27 minutes each way on average; 25.8% work from home; 3.3% take transit.
If it is close but not quite
Cocoa Beach, FL matches it on character. Compare the two
Income of households moving out7
$132,441
88% above the median place
Income of households moving in7
$134,692
91% above the median place
Moved from another state1
1.4%
30% below the median place
All 5 moving measures
MeasureMount HopeAmong 6,645 placesVs median
Moved here in the past year1County figure5.3%8% below
Moved from another state1County figure1.4%30% below
Net movers per 1,000 people7County figure-1.7183% below
Income of households moving in7County figure$134,69291% above
Income of households moving out7County figure$132,44188% above
02

What it costs to live here

Property tax rate is 2.3%, 154% above the median place.

Mount Hope22.0%
Typical place20.4%

Share of the median household income that goes to the median rent. Above 30% is the usual stress line.

Income needed to rent
$63,400
a year, at the 30% line
Rent to income
22.0%
8% above the median place
Home price to income
4.6x
21% above the median place

Could you afford it?

The median rent would take
22%
comfortably under the 30% line
Left after rent, in US prices
$64,600
a year
Vs the typical household here
Same
as the median household

Uses the median rent in Mount Hope, $1,585 a month, and local prices for everything else (105.2 against a US average of 100). It runs in your browser and stores nothing.

Like Mount Hope, but easier on the budget

Close matches on income, rent, home value, education and age, where rent takes a clearly smaller share of income.

PlaceRent to incomeMore left a year
Brigantine, NJ18.7% vs 22.0%$15,700Compare
Kennebunk, ME18.5% vs 22.0%$12,400Compare
Oak Island, NC18.7% vs 22.0%$7,600Compare

Moving from somewhere else? Work out the salary you would need in Mount Hope.

Sponsored · exampleMoving to Mount Hope? Compare quotes from licensed movers. No partner is signed yet. Sponsored offers are always labelled and never change the data.
Property tax rate1
2.3%
154% above the median place
Property tax paid (median)1
$9,202
182% above the median place
Median year built1
2001
1% above the median place
All 16 cost and housing measures
MeasureMount HopeAmong 6,645 placesVs median
Median gross rent1$1,58516% above
Rent to income122.0%8% above
Property tax rate12.3%154% above
Home price to income14.6x21% above
Prices vs US average2Metro figure112.612% above
Fair market rent, 2 bedrooms3County figure$2,23338% above
HUD area median income4County figure$138,40029% above
Property tax paid (median)1$9,202182% above
Median home value1$398,00025% above
Home prices, 1-year change5County figure5.9%84% above
Home prices, 5-year change5County figure52.9%3% above
Homeownership183.1%25% above
Renters paying 30%+1County figure45.2%11% below
Owner costs with a mortgage1$2,56337% above
Vacant homes1County figure3.1%56% below
Median year built120011% above
03

Work and pay

Works from home is 25.8%, 107% above the median place.

Works from home1
25.8%
107% above the median place
Income per person1
$61,273
53% above the median place
Poverty rate1
6.1%
44% below the median place
All 10 work and pay measures
MeasureMount HopeAmong 6,645 placesVs median
Median household income1$86,6078% above
Income per person1$61,27353% above
Unemployment1County figure5.2%6% above
Average annual pay6County figure$104,04558% above
Pay growth, 1 year6County figure2.8%24% below
Jobs6County figure301,376100% above
Poverty rate16.1%44% below
Mean commute127 min7% above
Works from home125.8%107% above
Commutes by transit1County figure3.3%285% above
04

Who lives here

Median age is 58.6, 50% above the median place.

Median age1
58.6
50% above the median place
Household size1
1.9
24% below the median place
High school or higher1
96.3%
4% above the median place

More about who lives here, against the typical place

Bachelor's or higher50.3% +57%
Born abroad4.1% −53%
Homes with broadband94.6% +2%
All 8 people measures
MeasureMount HopeAmong 6,645 placesVs median
Population13,1206646th largest
Median age158.650% above
Bachelor's or higher150.3%57% above
High school or higher196.3%4% above
Household size11.924% below
Born abroad14.1%53% below
No health insurance1County figure4.7%27% below
Homes with broadband194.6%2% above
05

Life in Mount Hope

161 sites are on the National Register of Historic Places, 3 of them National Historic Landmarks.

Out the door, against the typical place

Parks per 10k residents0.0 −100%
Playgrounds per 10k6.4 −32%
Grocery stores per 10k0.0 −100%
Restaurants, cafes and bars per 10k0.0 −100%
Libraries per 10k6.4 7.4×
Named paths and bike trails6 km 2.9×
Bus and rail stops per sq mi0.0 −100%

Mapped by volunteers in OpenStreetMap inside the city limits (Census boundaries), so coverage is fuller in some places than others. Map data © OpenStreetMap contributors, ODbL.

Businesses per 10,000 residents (county figures)

Restaurants and bars26.2 +26%
Shops31.7 +5%
Arts, recreation and fitness6.0 +46%
Doctors' offices and clinics26.7 +32%
Child care centers3.0 +30%

Counts businesses with paid staff, so small owner-run shops are not included.

Students per teacher11
10.7
31% below the median place
Public schools11
154
above the median place (median 9)
Restaurants and bars per 10k8
26.2
26% above the median place
All 16 schools and local life measures
MeasureMount HopeAmong 6,645 placesVs median
Public schools11County figure154above (median 9)
Public school students11County figure72,239above (median 4,897)
Students per teacher11County figure10.731% below
Restaurants and bars per 10k8County figure26.226% above
Shops per 10k8County figure31.75% above
Arts, recreation and fitness per 10k8County figure6.046% above
Doctors' offices and clinics per 10k8County figure26.732% above
Child care centers per 10k8County figure3.030% above
Parks per 10k90.0below (median 10.2)
Playgrounds per 10k96.432% below
Grocery stores per 10k90.0below (median 2.1)
Restaurants, cafes and bars per 10k90.0below (median 11.2)
Libraries per 10k96.4above (median 0.9)
Named paths and bike trails95.8190% above
Transit stops per sq mi90.0below (median 0.2)
National Register listings10County figure161above (median 13)
06

Safety, weather and risk

Good air days is 84.4%, 23% above the median place.

No crime figure yet. Either the city police department did not report to the FBI for the latest year, or our monthly fetch has not reached Mount Hope. Larger places are fetched first.

Good air days14
84.4%
23% above the median place
Wildfire risk13
30.0
51% below the median place
Median air quality index14
39
9% below the median place
All 11 weather and risk measures
MeasureMount HopeAmong 6,645 placesVs median
July average high12County figure84°F3% below
January average low12County figure20°F22% below
Average temperature12County figure51°F7% below
Annual precipitation12County figure50.0 in14% above
Natural hazard risk13County figure92.90% above
Hurricane risk13County figure85.221% above
Tornado risk13County figure79.92% below
Wildfire risk13County figure30.051% below
Heat wave risk13County figure89.21% below
Median air quality index14County figure399% below
Good air days14County figure84.4%23% above
08

Mount Hope in 2030: where the trends point

If recent trends hold, the median rent will take about 22% of the median income in 2030, about the same as 22% now.

Citytistics projections to 2030: each figure's own trend, blended with the typical trend across the places we rate, eased toward long-run US growth and carried forward from the latest release. The range is where 80% of places landed when we tested the same method on past releases.

MeasureLatest2030 projectionLikely rangeAvg. per year
Median rent$1,585/mo (2024)$1,980/mo$1,630 to $2,420/mo+3.8%
Median household income$86,607 (2024)$109,000$92,000 to $128,500+3.9%
Median home value$398,000 (2024)$565,000$410,000 to $778,000+6.0%

The median home would be worth 5.2 years of the median income in 2030, against 4.6 now.

A projection of recent trends, not a prediction of the economy or advice to buy or sell. How we project.

09

Places like Mount Hope

The closest matches on income, rent, home value, education and age, and the places nearby.

PlaceRentIncome
Cocoa Beach, FL$1,569$87,990Compare
Black Mountain, NC$1,652$77,042Compare
New Smyrna Beach, FL$1,712$83,865Compare
Brigantine, NJ$1,517$97,250Compare
Brigantine, NJNew Smyrna Beach, FLBlack Mountain, NCCocoa Beach, FLMount Hope, NJMount HopeCocoa BeachBlack MountainNew Smyrna BeachBrigantineMount HopeCocoa BeachBlack MountainNew Smyrna BeachBrigantine

Common questions

Is Mount Hope a good place to live?

It depends on what you need, so here is what the numbers say. The median resident is 58.6 years old, older than in 97% of the 2,479 places under 10,000 people we track. Households average 1.91 people, smaller than in 96% of places its size. On cost, space and class size it scores 43 out of 100 for families. See how it ranks with your own weights.

Is Mount Hope expensive to live in?

The median rent takes 22.0% of the median household income, against 20.4% in the typical place we track. Housing is a heavier load here than usual. The median home is valued at $398,000.

What salary do you need to live in Mount Hope?

To rent the median home without spending more than 30% of income on rent, a household needs about $63,400 a year. Work it out from your current city.

What places are similar to Mount Hope?

On income, rent, home value, education and age, the closest matches are Cocoa Beach, FL, Black Mountain, NC, New Smyrna Beach, FL and Brigantine, NJ.

Sources and methods

The small numbers beside each measure point here. Every dataset is public; links go to the publisher.

  1. American Community Survey 5-year estimates · US Census Bureau · 2020 to 2024 estimatesTables B01002, B01003, B05002, B07003, B08013, B08301, B15003, B17001, B19013, B19301, B23025, B25002, B25003, B25010, B25035, B25064, B25070, B25077, B25088, B25103, B28002, S2701
  2. Regional Price Parities · US Bureau of Economic Analysis · Latest release, retrieved 2026-11-14
  3. Fair Market Rents · US Department of Housing and Urban Development · Fiscal year 2027
  4. Income Limits · US Department of Housing and Urban Development · Fiscal year 2026
  5. House Price Index · Federal Housing Finance Agency · Latest release, retrieved 2026-11-14
  6. Quarterly Census of Employment and Wages · US Bureau of Labor Statistics · 2025 annual averages
  7. SOI Tax Stats, county-to-county migration · Internal Revenue Service · Tax years 2022 to 2023Counts tax returns and the people on them; flows under 20 returns are suppressed.
  8. County Business Patterns · US Census Bureau · 2023 data
  9. OpenStreetMap · © OpenStreetMap contributors, available under the Open Database License (ODbL) · Map data as of 2026-11
  10. National Register of Historic Places · National Park Service · Listings through 2026-05-22
  11. Common Core of Data · National Center for Education Statistics · 2024 release
  12. 1991-2020 climate normals · NOAA National Centers for Environmental Information · Series updated 2026-11-05Averages for 1991 to 2020 computed from NOAA's county climate series (nClimDiv).nClimDiv county series
  13. National Risk Index · Federal Emergency Management Agency · Latest release, retrieved 2026-11-14NRI data and maps
  14. Air Quality System, annual AQI by county · US Environmental Protection Agency · 2025 dataAirData download files

Derived by Citytistics from the tables above: rent to income (B25064, B19013); property tax rate (B25103, B25077); home price to income (B25077, B19013).

What stands out compares Mount Hope with places of a similar size, using only figures measured for Mount Hope itself; county and metro figures never count. Survey figures are estimates with margins of error. Formulas and definitions: methodology. API: /api/v1/places/mount-hope-new-jersey

Citytistics. “Mount Hope, New Jersey.” Data as of 2026-11-14. https://www.citytistics.com/city/mount-hope-new-jersey/

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.