salaryRent is higher than in 76% of U.S. cities. Household incomes are higher than in 92% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 34.5 minutes each way. Most homes (84.5%) are owned, so rentals can be hard to find. It is a highly educated city: 60.8% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $87,800 a year. That is $42 an hour at a full-time job.
Is rent cheaper than other New Jersey cities?
Yes. Rent here is cheaper than in most of New Jersey. It is number 137 of 291 cities from cheapest to most expensive.
How much do households earn in Lake Mohawk?
Share of households by yearly income. 59.4% of households earn $100,000 or more.
Rent by apartment size in Lake Mohawk
| Size | Lake Mohawk | U.S. average |
|---|---|---|
| 1 bedroom | $590 | $1,324 |
| 2 bedrooms | $2,768 | $1,509 |
| 3 bedrooms | $3,082 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lake Mohawk overall?
Everyday prices in New Jersey overall are 9% above the U.S. average (index 108.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Lake Mohawk, so the New Jersey figure is shown.
Taxes and bills in Lake Mohawk
Life in Lake Mohawk
Is it cheaper to rent or buy in Lake Mohawk?
Renting is cheaper right now: about $870 a month less.
Owning assumes a typical $441,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $44,170 for the down payment.
Frequently asked questions
What is the average rent in Lake Mohawk, NJ?
Renting in Lake Mohawk costs a median of about $2,195 a month in 2026, including utilities. The New Jersey median is $2,240.
How much do I need to make to live in Lake Mohawk?
To keep rent under 30% of income, you need about $87,800 a year, or $42 an hour at a full-time job.
Is Lake Mohawk cheap or expensive?
Lake Mohawk is rated Cheap: rent takes 16.4% of the typical household income of $160,842. It ranks 137th cheapest of 291 New Jersey cities we track.
How much are property taxes in Lake Mohawk?
The median homeowner in Lake Mohawk pays $10,000+ a year in property taxes, about 2.26% of the median home value.
Is Lake Mohawk more expensive than the national average?
Overall prices in New Jersey are 9% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Lake Mohawk?
The median home value in Lake Mohawk is $441,700, about 2.7 times the typical yearly household income.
9,508 people live in Lake Mohawk. Numbers are typical (middle) values.