Cost of Living in New Hope, TN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
86.5
100 = national avg
-13.5 vs national average
Living Wage (1 Adult)
$38,065
per year
Living Wage (Family of 4)
$89,971
per year
Cost Index by Category
Housing69.1
Food97.7
Transportation95.4
Healthcare98.2
Utilities92.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,263
per month
2 Bedroom
$1,390
per month
The overall cost of living index in New Hope is 86.5, which is 13.5% below the national average. Housing costs are below the national average at an index of 69.1. A single adult needs to earn approximately $38,065 per year to cover basic expenses.