New Hope cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexNew HopeVirginiaNational
Cost of living index102108100
IndexNew HopeVirginiaNational
Goods & Services index95100100
Groceries index9296100
Health care index90100100
Housing index121130100
Transportation index8991100
Utilities index104101100
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Did you know?

  • The cost of living in New Hope is 5% lower than the Virginia average.
  • The cost of living in New Hope is 2% higher than the national average.
  • The cost of housing in New Hope is 21% higher than the national average.
  • Virginia general sales tax is 4% higher than the national average.
  • Virginia state income tax is 10% lower than the national average.

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Compare New Hope, VA Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$58,824$4,902$1,372$1,765
Renters$0$0$0$0

Virginia Sales Tax

StateGeneral Sales TaxWith Max Surtax
Virginia5.3%6%

Virginia Income Tax

StateIncome Tax (Low)Income Tax (High)
Virginia2%5.75%

Goods & Services

ItemNew HopeNational avg.Difference
Haircut $14.61$16.099.2%
Beauty Salon $30.51$37.3318.3%
Toothpaste $1.87$2.4523.5%
Shampoo $0.89$1.0010.7%
Movie $10.22$10.280.6%
Bowling $4.02$4.9318.6%

Groceries

ItemNew HopeNational avg.Difference
Ground Beef $3.97$3.804.5%
Fried Chicken $1.08$1.4022.8%
Milk $1.83$2.018.8%
Potatoes $3.48$3.0115.7%
Pizza $8.65$9.8912.5%
Beer $8.93$8.900.4%

Health Care

ItemNew HopeNational avg.Difference
Optometrist $108.02$102.165.7%
Doctor $89.68$108.3617.2%
Dentist $79.32$92.5314.3%
Ibuprofen $8.53$9.288.0%
Lipitor $426.80$425.820.2%

Housing

ItemNew HopeNational avg.Difference
Home Price $222,700.00$184,700.0020.6%
Avg. Mortgage Payment $1,124.46$1,202.446.5%
Apartment Rent $0.00$949.00100.0%

Transportation

ItemNew HopeNational avg.Difference
Gasoline $2.08$2.247.1%
Tire Balancing $37.05$46.2920.0%

Utilities

ItemNew HopeNational avg.Difference
All Electricity$172.96$165.964.2%
Phone $30.15$28.685.1%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Churchville, VA6794-6%
Harriston, VA98487-13%
Jolivue, VA1,26988-12%
Crimora, VA1,76088-12%
Dooms, VA1,34089-11%
New Hope, VA9111022%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
East Marion, NY91116464%
Witt, IL91082-18%
Sunset Village, GA91083-17%
Summerdale, AL91095-5%
Bandera, TX91286-14%
New Hope, VA9111022%
Source: The New Hope, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.