Lake Mohawk, NJ Cost Of Living
Cost Of Living In Lake Mohawk, NJ Summary
Cost of living in Lake Mohawk research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Lake Mohawk is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New Jersey, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Lake Mohawk is 121, with 100 being the average.
The cost of living index in Lake Mohawk is 1.2x higher than the national average.
Lake Mohawk ranks as the #97 cheapest in New Jersey out of 251.
Lake Mohawk ranks as the #4,857 cheapest out of 6,412 in the US.
The median home value in Lake Mohawk is $364,400.
The median income in Lake Mohawk is $123,875.
Table Of Contents
Lake Mohawk's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lake Mohawk, NJ?
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 New Jersey, Lake Mohawk has a cost of living index that's 1.1x higher than New Jersey's index of 111.
The standard of living in Lake Mohawk ranks as #97 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Lake Mohawk ranks as the #154 most expensive place in the Garden State.
For more reading on life in Lake Mohawk, check out:
- Living In Lake Mohawk
- Search Homes For Sale In Lake Mohawk, NJ
In New Jersey
In America
Lake Mohawk Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Lake Mohawk. Here is how it fairs on each of the criteria:
The Services index in Lake Mohawk is 102.
The Groceries index in Lake Mohawk is 113.
The Health index in Lake Mohawk is 100.
The Housing index in Lake Mohawk is 162.
The Transportation index in Lake Mohawk is 109.
The Utilities index in Lake Mohawk is 94.
| Living Expense | Lake Mohawk | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 121 | 111 | 100 | |
| Services | 102 | 104 | 100 | |
| Groceries | 113 | 104 | 100 | |
| Health | 100 | 95 | 100 | |
| Housing | 162 | 130 | 100 | |
| Transportation | 109 | 106 | 100 | |
| Utilities | 94 | 108 | 100 | |
Lake Mohawk, NJ Housing Cost Breakdown
Housing swings affordability the most between places in New Jersey, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Lake Mohawk is $364,400.
The Median Rent in Lake Mohawk is $1,847.
The Median Income in Lake Mohawk is $123,875.
The Home Value To Income in Lake Mohawk is 2.9x.
The Rent To Monthly Income in Lake Mohawk is 0.18x.
| Statistic | Lake Mohawk | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $364,400 | $355,700 | $244,900 |
| Median Rent | $1,847 | $1,436 | $1,163 |
| Median Income | $123,875 | $89,703 | $69,021 |
| Home Value To Income | 2.9x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Lake Mohawk, NJ Costs By Category
Detailed Lake Mohawk Services Costs Vs. New Jersey
| Item | Lake Mohawk | New Jersey |
|---|---|---|
| Shampoo | $1.09 | $1.06 |
| Movie | $12.38 | $10.68 |
| Bowling | $20.56 | $14.67 |
| Haircut | $20.96 | $18.62 |
| Beauty Salon | $45.37 | $39.05 |
Detailed Lake Mohawk Groceries Costs Vs. New Jersey
| Item | Lake Mohawk | New Jersey |
|---|---|---|
| Ground Beef | $4.21 | $4.22 |
| Fried Chicken | $1.94 | $1.39 |
| Milk | $2.37 | $2.05 |
| Potatoes | $3.52 | $3.29 |
| Pizza | $11.27 | $10.62 |
| Beer | $8.27 | $9.38 |
| Toothpaste | $2.06 | $2.34 |
Detailed Lake Mohawk Health Costs Vs. New Jersey
| Item | Lake Mohawk | New Jersey |
|---|---|---|
| Optometrist | $92.33 | $108.57 |
| Doctor | $99.57 | $116.17 |
| Dentist | $116.16 | $99.13 |
Detailed Lake Mohawk Transportation Costs Vs. New Jersey
| Item | Lake Mohawk | New Jersey |
|---|---|---|
| Gasoline | $2.45 | $2.22 |
| Tire Balancing | $53.07 | $50.07 |
Detailed Lake Mohawk Utilities Costs Vs. New Jersey
| Item | Lake Mohawk | New Jersey |
|---|---|---|
| All Electricity | $147.86 | $167.67 |
| Phone | $179.87 | $175.64 |
Lake Mohawk SnackAbility
/10
Cost Of Living In Cities Around Lake Mohawk
The cost of living varies in the cities and towns around Lake Mohawk. Here's a quick look at the cost of living in the most populous nearby places:
Hopatcong, NJ has a cost of living index of 111, 0.9x Lake Mohawk.
Kinnelon, NJ has a cost of living index of 152, 1.3x Lake Mohawk.
Succasunna, NJ has a cost of living index of 134, 1.1x Lake Mohawk.
| City | Population | Cost Of Living | Vs. Lake Mohawk |
|---|---|---|---|
| Hopatcong, NJ | 14,395 | 111 | 0.9x |
| Kinnelon, NJ | 9,994 | 152 | 1.3x |
| Succasunna, NJ | 9,530 | 134 | 1.1x |
| White Meadow Lake, NJ | 9,069 | 129 | 1.1x |
| Boonton, NJ | 8,770 | 126 | 1.0x |
| Newton, NJ | 8,423 | 106 | 0.9x |
| Butler, NJ | 8,019 | 123 | 1.0x |
| Bernardsville, NJ | 7,862 | 164 | 1.4x |
| Wharton, NJ | 7,175 | 117 | 1.0x |
| Morris Plains, NJ | 6,081 | 147 | 1.2x |
