The cost of living in Hopewell Junction, NY, surpasses the nationwide average in several key areas. Housing stands at 130, with groceries at 110, and utilities at 105. These figures highlight a generally higher cost in essential expenses compared to the average.
Even though transportation costs are slightly lower at 95, healthcare at 120 and miscellaneous costs at 115 keep the overall index above the national average. Job seekers considering this area should factor these percentages into their budget planning.
Job seekers considering Hopewell Junction, NY, will find the cost of living slightly higher than the nationwide average. Specifically, the overall cost of living index for Hopewell Junction is 113, which is 13% above the national average of 100. This increase is driven by several factors, with housing being the most significant. The housing index stands at 130, marking a 30% rise compared to the national average. This means that, on average, housing costs in Hopewell Junction are about one-third higher than what one might find elsewhere in the country.
Other expenses in Hopewell Junction also lean slightly higher. Groceries have an index of 110, which is 10% above the national average. Utilities are at 105, just 5% higher. Transportation costs are slightly lower, with an index of 95, which means they are 5% below the national average. Healthcare costs, at an index of 120, are 20% higher, and miscellaneous expenses stand at 115, which is 15% above average. These numbers suggest that while living in Hopewell Junction can be more expensive in some areas, there are also some categories where costs are relatively lower.
