According to the most recent data on the cost of living, Lake Mohawk has an overall cost of living index of 121 which is 1.2x higher than the national index of 100.
Compared to only New Jersey, Lake Mohawk has a cost of living index that's 1.0x lower than New Jersey's index of 121.
The standard of living in Lake Mohawk ranks as #4,859 most affordable out of the 6,418 places we measured in New Jersey. By definition, that implies Lake Mohawk ranks as the #1,560 most expensive place in the Garden State.
Living Expense | Lake Mohawk | New Jersey | National Average | |
---|---|---|---|---|
Overall | 121 | 121 | 100 | |
Services | 102 | 107 | 100 | |
Groceries | 113 | 107 | 100 | |
Health | 100 | 100 | 100 | |
Housing | 162 | 160 | 100 | |
Transportation | 109 | 106 | 100 | |
Utilities | 94 | 98 | 100 |
Housing swings affordability the most between places in New Jersey, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
Statistic | Lake Mohawk | New Jersey | United States |
---|---|---|---|
Median Home Value | $348,300 | $343,500 | $229,800 |
Median Rent | $1,943 | $1,368 | $1,096 |
Median Income | $112,837 | $85,245 | $64,994 |
Home Value To Income | 3.1x | 4.0x | 3.5x |
Rent To Monthly Income | 0.21x | 0.19x | 0.2x |
Item | Lake Mohawk | New Jersey |
---|---|---|
Shampoo | $1.09 | $1.06 |
Movie | $12.38 | $10.68 |
Bowling | $20.56 | $14.67 |
Item | Lake Mohawk | New Jersey |
---|---|---|
Ground Beef | $4.21 | $4.22 |
Fried Chicken | $1.94 | $1.39 |
Milk | $2.37 | $2.05 |
Item | Lake Mohawk | New Jersey |
---|---|---|
Haircut | $20.96 | $18.62 |
Beauty Salon | $45.37 | $39.05 |
Toothpaste | $2.06 | $2.34 |
Item | Lake Mohawk | New Jersey |
---|---|---|
Potatoes | $3.52 | $3.29 |
Pizza | $11.27 | $10.62 |
Beer | $8.27 | $9.38 |
Optometrist | $92.33 | $108.57 |
Doctor | $99.57 | $116.17 |
Dentist | $116.16 | $99.13 |
Item | Lake Mohawk | New Jersey |
---|---|---|
Gasoline | $2.45 | $2.22 |
Tire Balancing | $53.07 | $50.07 |
All Electricity | $147.86 | $167.67 |
Phone | $179.87 | $175.64 |
City | Population | Cost Of Living | Vs. Lake Mohawk |
---|---|---|---|
Hopatcong, NJ | 14,228 | 111 | 0.9x |
Kinnelon, NJ | 9,988 | 152 | 1.3x |
Succasunna, NJ | 9,367 | 134 | 1.1x |
White Meadow Lake, NJ | 9,166 | 129 | 1.1x |
Boonton, NJ | 8,510 | 126 | 1.0x |
Newton, NJ | 7,935 | 106 | 0.9x |
Butler, NJ | 7,669 | 123 | 1.0x |
Bernardsville, NJ | 7,641 | 164 | 1.4x |
Wharton, NJ | 6,458 | 117 | 1.0x |
Morris Plains, NJ | 5,888 | 147 | 1.2x |