Mount Hope, NJ
Population 3,082 · New Jersey
About Mount Hope, NJ
Mount Hope is a small town located in New Jersey with a population of 3,082 residents according to the latest US Census Bureau American Community Survey data. The median household income is $87,927 per year, which is 17% above the national median of $75,149. The median age of 60.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Mount Hope features a median home value of $387,800, which is 58% above the national median of $244,900. This places Mount Hope in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,745, 50% above the national average of $1,163/month. Of the 1,629 total housing units, 87% are owner-occupied (1,400 units) and 13% are renter-occupied (211 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Mount Hope shows an unemployment rate of 5.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 3.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Mount Hope have an average one-way commute time of 24.8 minutes.
Education & Demographics
55.8% of Mount Hope residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.8% Hispanic or Latino, 0.0% Black or African American, and 1.4% Asian residents, with 5.2% of the population being foreign-born.
Cost of Living in Mount Hope, NJ
Compared to national averages, Mount Hope has a median household income of $87,927 (17% above the national median of $75,149). Home values average $387,800, which is 58% above the national median. Monthly rent at $1,745 is 50% above the US average of $1,163. Within New Jersey, Mount Hope's income is 24% below the state average of $115,667, and home values are 17% below the state median of $469,644.
Why Live in Mount Hope, NJ?
Mount Hope offers a strong local economy with a median household income of $87,927, well above the national average, and a well-educated community where 55.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.2%, better than the national average. Additionally, the city features short commute times averaging just 24.8 minutes.
Potential considerations include a competitive housing market where the typical home costs $387,800. However, Mount Hope’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Mount Hope has a population of 3,082 with a median age of 60.5 years. Compare Mount Hope with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Mount Hope
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| North Middletown | 3,081 | $146,650 | $311,500 | Compare |
| Turnersville | 3,071 | $156,176 | $352,600 | Compare |
| Wildwood Crest | 3,094 | $82,143 | $526,600 | Compare |
| Sewell | 3,065 | $135,141 | $303,900 | Compare |
| Moonachie | 3,106 | $108,359 | $450,800 | Compare |
| Woodbury Heights | 3,116 | $130,101 | $260,000 | Compare |
| Cliffwood Beach | 3,044 | $108,854 | $340,600 | Compare |
| National Park | 3,043 | $81,507 | $207,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Mount Hope With Other Cities
Frequently Asked Questions about Mount Hope
What is the population of Mount Hope, NJ?
The population of Mount Hope, NJ is 3,082 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Jersey.
What is the median household income in Mount Hope?
The median household income in Mount Hope, NJ is $87,927 per year, which is 17% above the national median of $75,149.
What is the median home value in Mount Hope?
The median home value in Mount Hope, NJ is $387,800, which is 58% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Mount Hope?
The median monthly rent in Mount Hope, NJ is $1,745, which is 50% above the national average of $1,163/month.
What is the unemployment rate in Mount Hope?
The unemployment rate in Mount Hope, NJ is 5.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Mount Hope, NJ a good place to live?
Mount Hope offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 3,082 and a median age of 60.5, the city appeals to established professionals and retirees.
How educated is Mount Hope, NJ?
55.8% of residents in Mount Hope aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Mount Hope?
Key cost-of-living indicators for Mount Hope, NJ: median home value is $387,800 (58% above national), median rent is $1,745/month, and median household income is $87,927. The home-value-to-income ratio is 4.4x, a moderate figure by national standards.
What is the poverty rate in Mount Hope?
The poverty rate in Mount Hope, NJ is 3.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Mount Hope, NJ?
Mount Hope's population is 0.0% White, 0.8% Hispanic or Latino, 0.0% Black or African American, 1.4% Asian, and 2.0% two or more races. 5.2% of residents are foreign-born.