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 140, which is 1.4x 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 125.
The standard of living in Lake Mohawk ranks as #172 most affordable out of the 262 places we measured in New Jersey. By definition, that implies Lake Mohawk ranks as the #90 most expensive place in the Garden State.
For more reading on life in Lake Mohawk, check out:
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 fares on each of the criteria:
The Services index in Lake Mohawk is 111.
The Groceries index in Lake Mohawk is 111.
The Health index in Lake Mohawk is 194.
The Housing index in Lake Mohawk is 122.
The Transportation index in Lake Mohawk is 110.
The Utilities index in Lake Mohawk is 112.
| Living Expense | Lake Mohawk | New Jersey | National Average |
|---|---|---|---|
| Overall | 140 | 125 | 100 |
| Services | 111 | 107 | 100 |
| Groceries | 111 | 113 | 100 |
| Health | 194 | 155 | 100 |
| Housing | 122 | 116 | 100 |
| Transportation | 110 | 112 | 100 |
| Utilities | 112 | 113 | 100 |
Lake Mohawk Cost Of Living Compared To New Jersey Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New Jersey, check out:
Protect your home budget Compare home warranties in Lake Mohawk Get matched →Source: Cost-of-living index 2026, normalized to US average = 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 2020-2024. The key points are:
The Median Home Value in Lake Mohawk is $553,496.
The Median Rent in Lake Mohawk is $1,989.
The Median Income in Lake Mohawk is $149,135.
The Home Value To Income in Lake Mohawk is 3.7x.
The Rent To Monthly Income in Lake Mohawk is 0.16x.
| Statistic | Lake Mohawk | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $553,496 | $569,411 | $332,700 |
| Median Rent | $1,989 | $1,720 | $1,413 |
| Median Income | $149,135 | $103,556 | $80,734 |
| Home Value To Income | 3.7x | 5.5x | 4.1x |
| Rent To Monthly Income | 0.16x | 0.2x | 0.21x |
Lake Mohawk, NJ Costs By Category
Detailed Lake Mohawk Services costs vs. New Jersey
| Item | Lake Mohawk | New Jersey |
|---|---|---|
| Shampoo | $1.44 | $1.28 |
| Movie | $14.15 | $12.13 |
| Bowling | $25.03 | $18 |
| Haircut | $29.17 | $24.26 |
| Beauty Salon | $40.36 | $45.56 |
Detailed Lake Mohawk Groceries costs vs. New Jersey
| Item | Lake Mohawk | New Jersey |
|---|---|---|
| Ground Beef | $5.64 | $5.84 |
| Fried Chicken | $1.55 | $1.57 |
| Milk | $4.74 | $4.67 |
| Potatoes | $5.21 | $4.93 |
| Pizza | $11.49 | $12.09 |
| Beer | $11.66 | $10.41 |
| Toothpaste | $3.66 | $3.7 |
Detailed Lake Mohawk Health costs vs. New Jersey
| Item | Lake Mohawk | New Jersey |
|---|---|---|
| Optometrist | $105.11 | $125.68 |
| Doctor | $117.94 | $135.78 |
| Dentist | $121.22 | $113.29 |
Detailed Lake Mohawk Transportation costs vs. New Jersey
| Item | Lake Mohawk | New Jersey |
|---|---|---|
| Gasoline | $3.45 | $3.46 |
| Tire Balancing | $77.33 | $59.92 |
Detailed Lake Mohawk Utilities costs vs. New Jersey
| Item | Lake Mohawk | New Jersey |
|---|---|---|
| All Electricity | $230.68 | $193.99 |
| Phone | $186.61 | $192.25 |
Lake Mohawk SnackAbility
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 125, 0.9x Lake Mohawk.
Kinnelon, NJ has a cost of living index of 170, 1.2x Lake Mohawk.
Succasunna, NJ has a cost of living index of 141, 1.0x Lake Mohawk.
| City | Population | Cost Of Living | Vs. Lake Mohawk |
|---|---|---|---|
| Hopatcong, NJ | 14,565 | 125 | 0.9x |
| Kinnelon, NJ | 10,013 | 170 | 1.2x |
| Succasunna, NJ | 9,799 | 141 | 1.0x |
| Boonton, NJ | 8,854 | 138 | 1.0x |
| White Meadow Lake, NJ | 8,842 | 139 | 1.0x |
| Newton, NJ | 8,369 | 119 | 0.8x |
| Butler, NJ | 8,133 | 133 | 0.9x |
| Bernardsville, NJ | 7,916 | 173 | 1.2x |
| Wharton, NJ | 7,318 | 131 | 0.9x |
| Morris Plains, NJ | 6,315 | 164 | 1.2x |
