Cost of Living in New Hope, TN

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14%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
39%
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 Tennessee National
Cost of living8692100
Groceries9698100
Health care9897100
Housing6180100
Transportation9697100
Utilities9698100
Lifestyle & Entertainment9497100
Household Items9998100
Education & Childcare9797100
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Homes For Sale In New Hope, TN

property for sale

355 Brandy Hills Dr

South Pittsburg, TN
property for sale

156 #28

South Pittsburg, TN
property for sale

0 Short Hollow RD

Jasper, TN
property for sale

Short Hollow Rd

South Pittsburg, TN

Cost Of Living Quick Facts

  • The cost of living in New Hope is 7% lower than the Tennessee average
  • The cost of living in New Hope is 14% lower than the national average
  • New Hope housing is 39% lower than the national average
  • Tennessee general sales tax is 37% higher than the national average
  • Tennessee state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around New Hope

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$85,400$7,117$1,993$2,562
      Renters$0$0$0$0

      Tennessee Sales Tax

      State General Sales Tax With Max Surtax
      Tennessee 7% 9.75%

      Tennessee Income Tax

      State Income Tax (Low) Income Tax (High)
      Tennessee 0% 0%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Bridgeport, AL2,2997822.1%
      Orme, TN598019.9%
      Stevenson, AL2,4138217.9%
      South Pittsburg, TN3,1168416.3%
      Whitwell, TN2,0198713.4%
      New Hope, TN9688614.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Egypt, AL968973.5%
      Anita, IA9688217.7%
      Topeka, IN9688614.0%
      Welcome, LA9688713.2%
      Mayfield, NY9681010.7%
      New Hope, TN9688614.1%
      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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