Cost of Living in New Hope, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
140.1
100 = national avg
+40.1 vs national average
Living Wage (1 Adult)
$61,649
per year
Living Wage (Family of 4)
$145,715
per year
Cost Index by Category
Housing208.0
Food100.2
Transportation100.3
Healthcare100.1
Utilities121.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,648
per month
2 Bedroom
$1,931
per month
The overall cost of living index in New Hope is 140.1, which is 40.1% above the national average. Housing costs are above the national average at an index of 208.0. A single adult needs to earn approximately $61,649 per year to cover basic expenses.