Lake Hopatcong, NJ vs Upper Greenwood Lake, NJ

Lake Hopatcong is moderately more affordable than Upper Greenwood Lake, with a 8.5% lower cost of living index. Lake Hopatcong scores 120 compared to 131 for Upper Greenwood Lake, where the US average is 100. This difference means residents of Upper Greenwood Lake can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lake Hopatcong is $1,599/month compared to $2,120/month in Upper Greenwood Lake — a 25% difference. Interestingly, home values tell a different story: while Lake Hopatcong has cheaper rent, Upper Greenwood Lake actually has lower median home values ($331,400 vs $388,300).

Median household income in Lake Hopatcong is $111,614 compared to $124,297 in Upper Greenwood Lake (-10.2%). While Upper Greenwood Lake is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lake Hopatcong spend roughly 17.2% of their income on rent, less than the 20.5% in Upper Greenwood Lake.