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CITY

Hope

New Jersey · 185 residents · 0.725 sq mi
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The short version

Hope has roughly average household income, with a median household income of $81,477. Population has declined 14% since 2023. Median home value is $353,800. With a median age of 54.5, the population is older than the US median of 38.9. Poverty is rare here, at 4.3% of residents.

At a glance
Average income
near the US median
US median: $82,259
Older
median age 54.5
US median: 38.9
Less educated
26% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
185
−14%since 2023
from 214 in 2023
2010 – 2024
Population density
255 / sq mi
−14%since 2023
from 295 / sq mi in 2023
US average: 281
Median age
54.5
Unchangedsince 2023
from 54.6 in 2023
US average: 38.9
Population, 2010 – 2024
112151191230269201020202024Hope
2024185
201020202024
Section 02

Income & economy

Median household income
$81,477
Unchangedinflation adjusted, since 2023
from $78,750 in 2023
US average: $82,259
2010 – 2024
Per capita income
$43,529
+15%since 2023
from $37,974 in 2023
US average: $44,673
Households earning $100K+
64.8%
+3.9 ptssince 2023
from 60.9% in 2023
US average: 53.3%
Poverty rate
4.3%
+2.9 ptssince 2023
from 1.4% in 2023
US average: 12.5%
Income inequality (Gini)
0.323
+5%since 2023
from 0.307 in 2023
US average: 0.476
Workforce by industry, 2024
Information25.5%
US avg: 10.8%
Other services6.7%
US avg: 6.7%
Public administration6.7%
US avg: 4.8%
Retail trade5.4%
US avg: 9.9%
Finance & insurance5.4%
US avg: 5.9%
Professional, scientific, technical2.7%
US avg: 5.1%
Education & health services2.7%
US avg: 0.9%
Transportation & warehousing2%
US avg: 2.2%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Wholesale trade0%
US avg: 6.9%
Arts, entertainment, food0%
US avg: 1.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$353,800
+10%inflation adjusted, since 2023
from $312,500 in 2023
US average: $376,019
2010 – 2024
Median gross rent
$1,289
−4%inflation adjusted, since 2023
from $1,303 in 2023
US average: $1,442
Owner-occupied
54.5%
+0.2 ptssince 2023
from 54.3% in 2023
45.5% rent
Vacancy rate
0.0%
−12.4 ptssince 2023
from 12.4% in 2023
US average: 10.0%
Owner cost-burdened
33.3%
+11.3 ptssince 2023
from 22.0% in 2023
US average: 22.9%
Renter cost-burdened
10.0%
+10.0 ptssince 2023
from 0.0% in 2023
US average: 47.4%
Afford Score
4.3
+9%since 2023
from 4.0 in 2023
2010 – 2024
Gentrification Score
22
RELATED:See current rent listings in Hope on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic64.5%(138)
Black4.2%(9)
Hispanic / Latino13.1%(28)
Asian18.2%(39)
Other0%(0)
Diversity Score66.5%(142)
2024
White, non-Hispanic65.9%(122)
Black4.3%(8)
Hispanic / Latino9.2%(17)
Asian20.5%(38)
Other0%(0)
Diversity Score64.1%(119)
Diversity Score
64
−4%since 2023
from 67 in 2023
2010 – 2024
Section 05

Education

Bachelor's degree or higher
26.1%
+4.8 ptssince 2023
from 21.3% in 2023
US average: 35.6%
High school or higher
96.6%
+13.0 ptssince 2023
from 83.7% in 2023
US average: 89.6%
Graduate degree
8.4%
+2.0 ptssince 2023
from 6.4% in 2023
US average: 14.0%
Section 06

Commute & transportation

Average commute
25.3 min
+5%since 2023
from 24.1 min in 2023
US average: 26.5
Drive alone to work
68.5%
−1.7 ptssince 2023
from 70.2% in 2023
US average: 68.9%
Carpooled to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 8.5%
Public transit
6.0%
+0.5 ptssince 2023
from 5.6% in 2023
US average: 3.2%
Worked from home
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 15.0%
Walked to work
25.5%
+1.3 ptssince 2023
from 24.2% in 2023
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
No vehicle available
23.9%
+2.1 ptssince 2023
from 21.7% in 2023
US average: 8.3%
Section 07

Work & employment

Unemployment rate
3.2%
+3.2 ptssince 2023
from 0.0% in 2023
US average: 5.2%
Labor force participation
83.2%
+6.6 ptssince 2023
from 76.7% in 2023
US average: 63.5%
Self-employed
10.7%
+1.4 ptssince 2023
from 9.3% in 2023
US average: 13.1%
Management & professional
20.8%
+2.8 ptssince 2023
from 18.0% in 2023
US average: 42.5%
Section 08

People & community

Male
61.1%
+6.4 ptssince 2023
from 54.7% in 2023
Female
38.9%
−6.4 ptssince 2023
from 45.3% in 2023
Foreign born
27.0%
+0.9 ptssince 2023
from 26.2% in 2023
US average: 14.1%
Veterans
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 6.2%
With a disability
6.5%
−8.0 ptssince 2023
from 14.5% in 2023
US average: 13.3%
Uninsured
23.2%
+2.2 ptssince 2023
from 21.0% in 2023
US average: 8.4%
Broadband at home
100.0%
Unchangedsince 2023
from 100.0% in 2023
US average: 91.0%
English only at home
70.3%
−0.3 ptssince 2023
from 70.6% in 2023
US average: 77.7%
Spanish at home
9.2%
−2.0 ptssince 2023
from 11.2% in 2023
US average: 13.6%
Drill deeper

Places similar to Hope

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Pop 185
Waverly
Pop 187
Woodside
Pop 200
Buckhead
Pop 205
Places similar to Hope
Head to head

Compare Hope to nearby cities

HOPE VS
Hackettstown
Income$93,083+14%
Home value$361,600+2%
Population10,185+5405%
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HOPE VS
Budd Lake
Income$114,154+40%
Home value$456,100+29%
Population10,650+5657%
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HOPE VS
Flanders
Income$147,367+81%
Home value$552,900+56%
Population8,809+4662%
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HOPE VS
Newton
Income$76,221−6%
Home value$302,700−14%
Population8,486+4487%
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Frequently asked

How many people live in Hope, New Jersey?

Hope, New Jersey has about 185 residents according to the 2024 American Community Survey.

What is the median household income in Hope, New Jersey?

The typical household in Hope, New Jersey earns about $81,477 a year. Half of households make more than that, and half make less.

Is Hope, New Jersey expensive?

In Hope, New Jersey, the median home is worth about $353,800, and the typical rent is about $1,289 a month.

How educated are people in Hope, New Jersey?

About 26.1% of adults age 25 and over in Hope, New Jersey hold a bachelor's degree or higher.

What is the poverty rate in Hope, New Jersey?

About 4.3% of people in Hope, New Jersey live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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