Lake Mohawk, NJ Cost Of Living
Lake Mohawk's Overall Cost Of Living
Higher Than The National Average
In New Jersey
In America
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 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.
Lake Mohawk Cost Of Living Vs. New Jersey
| 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 | |
Lake Mohawk, NJ Housing Cost Breakdown
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.
Median Home Value
Median Rent
Median Income
| 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 |
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 |
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 |
Detailed Lake Mohawk Health Costs Vs. New Jersey
| Item | Lake Mohawk | New Jersey |
|---|---|---|
| Haircut | $20.96 | $18.62 |
| Beauty Salon | $45.37 | $39.05 |
| Toothpaste | $2.06 | $2.34 |
Detailed Lake Mohawk Transportation Costs Vs. New Jersey
| 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 |
Detailed Lake Mohawk Utilities Costs Vs. New Jersey
| 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 |
Lake Mohawk SnackAbility
/10
Cost Of Living In Cities Around Lake Mohawk
| 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 |
