New Hope, TX Employment - Median Household Income, Unemployment Rate

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36%

Income/capita NAT. AVG.

38%

Household income NAT. AVG.

61%

Unemployment NAT. AVG.

Index	New Hope	Texas	National
Income per capita	$61,254	$41,777	$44,883
Median household income	$111,953	$80,880	$81,333
Median income owner occupied	$155,815	$107,635	$106,172
Median income renter occupied	$24,361	$54,463	$52,080
Median earnings male	$89,611	$53,620	$54,343
Median earnings female	$69,991	$36,296	$38,439
Unemployment rate	1.9%	4.3%	4.9%
Poverty level	3.8%	16.7%	15.1%

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621 New Hope Rd E

McKinney, TX

360 Rockcrest Rd

McKinney, TX

Key findings

The income per capita in New Hope is 36% higher than the national average
The median household income in New Hope is 38% higher than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in New Hope is 61% lower than the national average
The poverty level in New Hope is 75% lower than the national average

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am i middle class

$74,627 $111,953 $223,906

City

$53,914 $80,880 $161,760

State

$54,216 $81,333 $162,666

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

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New Hope median earnings by income bracket

New Hope employment by industry

Labour Type	Male	Female
Construction industry	16.0%	16.0%
Manufacturing sector	12.2%	12.2%
Financial & insurance services	5.1%	5.1%
Wholesale & retail services	14.7%	14.7%
Public administration	6.4%	6.4%
Transportation, warehousing & utilities	2.6%	2.6%
Education, health & social services	17.9%	17.9%
Other	23.7%	23.7%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Lucas, TX	8,398	$261,671	221.7%
Parker, TX	5,111	$249,465	206.7%
Prosper, TX	26,777	$224,970	176.6%
Murphy, TX	21,307	$206,182	153.5%
Melissa, TX	11,030	$177,542	118.3%
New Hope, TX	616	$111,953	37.6%

Cities with similar population

City	Population	Household Income	National Avg.
Greenwood, FL	616	$62,136	23.6%
Everly, IA	616	$75,607	7.0%
Lyndon, IL	616	$55,664	31.6%
Glenview, KY	616	$377,272	363.9%
Point Place, LA	616	$49,279	39.4%
New Hope, TX	616	$111,953	37.6%

Source: The New Hope, TX employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.