Englewood, NJ vs Lake Hopatcong, NJ

There is a significant gap in the cost of living between these two cities. Lake Hopatcong is 15.7% cheaper than Englewood. With a cost index of 120 vs 139, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Lake Hopatcong to Englewood should plan for substantially higher expenses across most categories.

On the housing front, median rent in Englewood is $1,925/month compared to $1,599/month in Lake Hopatcong — a 20% difference. Home values follow the same pattern: Lake Hopatcong is more affordable at $388,300 median vs $497,500.

Median household income in Englewood is $101,398 compared to $111,614 in Lake Hopatcong (-9.2%). Lake Hopatcong offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Englewood spend roughly 22.8% of their income on rent, more than the 17.2% in Lake Hopatcong.