Cost of Living in Hopewell, TN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
116.4
100 = national avg
+16.4 vs national average
Living Wage (1 Adult)
$51,210
per year
Living Wage (Family of 4)
$121,043
per year
Cost Index by Category
Housing107.4
Food115.3
Transportation130.6
Healthcare112.3
Utilities110.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$940
per month
2 Bedroom
$1,233
per month
The overall cost of living index in Hopewell is 116.4, which is 16.4% above the national average. Housing costs are above the national average at an index of 107.4. A single adult needs to earn approximately $51,210 per year to cover basic expenses.