Cost of Living in New Hope, AL

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11%
Overall NAT. AVG.
5%
Groceries NAT. AVG.
25%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index New Hope Alabama National
Cost of living8989100
Groceries9696100
Health care9595100
Housing7574100
Transportation9695100
Utilities10097100
Lifestyle & Entertainment9194100
Household Items9496100
Education & Childcare9393100
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Homes For Sale In New Hope, AL

property for sale

1768 Oak Grove Rd

New Hope, AL
property for sale

614 Maple Rd

New Hope, AL
property for sale

123 Jonboy Ave

New Hope, AL
property for sale

128 Jonboy Ave

New Hope, AL

Cost Of Living Quick Facts

  • The cost of living in New Hope is equal to the Alabama average
  • The cost of living in New Hope is 11% lower than the national average
  • New Hope housing is 25% lower than the national average
  • Alabama general sales tax is 22% lower than the national average
  • Alabama state income tax is 23% lower than the national average

Most Affordable Places to Live in and Around New Hope

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Compare New Hope, AL Cost of Living

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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$131,034$10,920$3,057$3,931
      Renters$63,074$5,256$1,472$1,892

      Alabama Sales Tax

      State General Sales Tax With Max Surtax
      Alabama 4% 13.5%

      Alabama Income Tax

      State Income Tax (Low) Income Tax (High)
      Alabama 2% 5%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Paint Rock, AL1747822.3%
      Woodville, AL1,1068415.6%
      Gurley, AL5948514.5%
      Pleasant Groves, AL4918614.0%
      Owens Cross Roads, AL2,312909.9%
      New Hope, AL2,9498911.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Lido Beach, NY2,94917777.0%
      St. Clair, PA2,9488515.0%
      Watonga, OK2,9478317.1%
      Mountain View, AR2,946918.7%
      Gladwin, MI2,9468416.2%
      New Hope, AL2,9498911.0%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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