Cost of Living in New Hope, AL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
100.3
100 = national avg
+0.3 vs national average
Living Wage (1 Adult)
$44,118
per year
Living Wage (Family of 4)
$104,279
per year
Cost Index by Category
Housing72.5
Food111.7
Transportation123.5
Healthcare109.4
Utilities101.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,136
per month
2 Bedroom
$1,310
per month
The overall cost of living index in New Hope is 100.3, which is 0.3% above the national average. Housing costs are below the national average at an index of 72.5. A single adult needs to earn approximately $44,118 per year to cover basic expenses.