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CITY

Mount Hope

New Jersey · 3,120 residents · 2.199 sq mi
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The short version

Mount Hope has roughly average household income, with a median household income of $86,607. Population has held roughly steady since 2023. 50% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $398,000. With a median age of 58.6, the population is older than the US median of 38.9.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 58.6
US median: 38.9
More educated
50% 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
3,120
+1%since 2023
from 3,082 in 2023
2020 – 2024
Population density
1,419 / sq mi
+1%since 2023
from 1,402 / sq mi in 2023
US average: 281
Median age
58.6
−3%since 2023
from 60.5 in 2023
US average: 38.9
Population, 2020 – 2024
3K3K3K3K3K20202024Mount Hope
20243K
20202024
Section 02

Income & economy

Median household income
$86,607
−4%inflation adjusted, since 2023
from $87,927 in 2023
US average: $82,259
2020 – 2024
Per capita income
$61,273
−5%since 2023
from $64,619 in 2023
US average: $44,673
Households earning $100K+
55.1%
−3.2 ptssince 2023
from 58.3% in 2023
US average: 53.3%
Poverty rate
6.1%
+2.8 ptssince 2023
from 3.2% in 2023
US average: 12.5%
Income inequality (Gini)
0.453
−1%since 2023
from 0.457 in 2023
US average: 0.476
Workforce by industry, 2024
Information14.6%
US avg: 10.8%
Other services10.2%
US avg: 6.7%
Public administration9.4%
US avg: 4.8%
Finance & insurance7.3%
US avg: 5.9%
Professional, scientific, technical6.3%
US avg: 5.1%
Retail trade4.6%
US avg: 9.9%
Wholesale trade3.5%
US avg: 6.9%
Transportation & warehousing3.2%
US avg: 2.2%
Arts, entertainment, food3.2%
US avg: 1.9%
Agriculture, forestry, fishing1.4%
US avg: 1.6%
Manufacturing1.4%
US avg: 0.4%
Education & health services0.9%
US avg: 0.9%
Construction0%
US avg: 1.2%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$398,000
Unchangedinflation adjusted, since 2023
from $387,800 in 2023
US average: $376,019
2020 – 2024
Median gross rent
$1,585
−12%inflation adjusted, since 2023
from $1,745 in 2023
US average: $1,442
Owner-occupied
83.1%
−3.8 ptssince 2023
from 86.9% in 2023
16.9% rent
Vacancy rate
1.0%
−0.1 ptssince 2023
from 1.1% in 2023
US average: 10.0%
Owner cost-burdened
39.6%
−1.4 ptssince 2023
from 41.0% in 2023
US average: 22.9%
Renter cost-burdened
25.0%
−0.1 ptssince 2023
from 25.1% in 2023
US average: 47.4%
Afford Score
4.6
+4%since 2023
from 4.4 in 2023
2020 – 2024
RELATED:See current rent listings in Mount Hope on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic92.1%(2,839)
Black2%(63)
Hispanic / Latino1.7%(52)
Asian1.4%(43)
Other2.8%(85)
Diversity Score18.7%(577)
2024
White, non-Hispanic88.7%(2,768)
Black3.5%(108)
Hispanic / Latino2.7%(83)
Asian3.4%(107)
Other1.7%(54)
Diversity Score26.2%(817)
Diversity Score
26
+40%since 2023
from 19 in 2023
2020 – 2024
Section 05

Education

Bachelor's degree or higher
50.3%
−5.5 ptssince 2023
from 55.8% in 2023
US average: 35.6%
High school or higher
96.3%
−0.3 ptssince 2023
from 96.6% in 2023
US average: 89.6%
Graduate degree
15.6%
−4.6 ptssince 2023
from 20.2% in 2023
US average: 14.0%
Section 06

Commute & transportation

Average commute
26.6 min
+7%since 2023
from 24.8 min in 2023
US average: 26.5
Drive alone to work
65.5%
+2.6 ptssince 2023
from 62.9% in 2023
US average: 68.9%
Carpooled to work
2.1%
−0.2 ptssince 2023
from 2.2% in 2023
US average: 8.5%
Public transit
4.1%
+1.5 ptssince 2023
from 2.6% in 2023
US average: 3.2%
Worked from home
25.8%
−2.3 ptssince 2023
from 28.1% in 2023
US average: 15.0%
Walked to work
2.6%
−1.6 ptssince 2023
from 4.1% 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
6.3%
+0.2 ptssince 2023
from 6.1% in 2023
US average: 8.3%
Section 07

Work & employment

Unemployment rate
4.4%
−1.6 ptssince 2023
from 5.9% in 2023
US average: 5.2%
Labor force participation
47.9%
+0.3 ptssince 2023
from 47.5% in 2023
US average: 63.5%
Self-employed
12.5%
−4.9 ptssince 2023
from 17.5% in 2023
US average: 13.1%
Management & professional
63.1%
−0.8 ptssince 2023
from 63.9% in 2023
US average: 42.5%
Section 08

People & community

Male
41.3%
−1.5 ptssince 2023
from 42.9% in 2023
Female
58.7%
+1.5 ptssince 2023
from 57.1% in 2023
Foreign born
4.1%
−1.1 ptssince 2023
from 5.2% in 2023
US average: 14.1%
Veterans
6.9%
+0.3 ptssince 2023
from 6.6% in 2023
US average: 6.2%
With a disability
16.6%
+0.4 ptssince 2023
from 16.2% in 2023
US average: 13.3%
Uninsured
2.8%
+0.5 ptssince 2023
from 2.3% in 2023
US average: 8.4%
Broadband at home
94.6%
Unchangedsince 2023
from 94.6% in 2023
US average: 91.0%
English only at home
94.7%
+1.1 ptssince 2023
from 93.7% in 2023
US average: 77.7%
Spanish at home
0.5%
+0.3 ptssince 2023
from 0.1% in 2023
US average: 13.6%
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Frequently asked

How many people live in Mount Hope, New Jersey?

Mount Hope, New Jersey has about 3,120 residents according to the 2024 American Community Survey.

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

The typical household in Mount Hope, New Jersey earns about $86,607 a year. Half of households make more than that, and half make less.

Is Mount Hope, New Jersey expensive?

In Mount Hope, New Jersey, the median home is worth about $398,000, and the typical rent is about $1,585 a month.

How educated are people in Mount Hope, New Jersey?

About 50.3% of adults age 25 and over in Mount Hope, New Jersey hold a bachelor's degree or higher.

What is the poverty rate in Mount Hope, New Jersey?

About 6.1% of people in Mount Hope, New Jersey live below the federal poverty line.

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

How we source and harmonize this data →