Cost Of Living in New Hope, VA

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B+

10%

Overall NAT. AVG.

2%

Groceries NAT. AVG.

22%

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	Virginia	National
Cost of living	110	111	100
Groceries	102	103	100
Health care	105	103	100
Housing	122	129	100
Transportation	102	105	100
Utilities	107	104	100
Lifestyle & Entertainment	107	103	100
Household Items	104	102	100
Education & Childcare	108	109	100

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Homes For Sale In New Hope, VA

TBD 6b-2b Morton Rd

Crimora, VA

15 Hayfield Ln

Fort Defiance, VA

Cost Of Living Quick Facts

The cost of living in New Hope is 1% lower than the Virginia average
The cost of living in New Hope is 10% higher than the national average
New Hope housing is 22% higher than the national average
Virginia general sales tax is 4% higher than the national average
Virginia state income tax is 23% lower than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$85,052	$7,088	$1,984	$2,552
Renters	$0	$0	$0	$0

Virginia Sales Tax

State	General Sales Tax	With Max Surtax
Virginia	5.3%	6%

Virginia Income Tax

State	Income Tax (Low)	Income Tax (High)
Virginia	2%	5.75%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Crimora, VA	2,388	96	4.1%
Verona, VA	4,108	100	0.2%
Sherando, VA	563	100	0.3%
Staunton, VA	25,543	101	1.1%
Greenville, VA	1,480	101	1.5%
New Hope, VA	463	110	9.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Grubbs, AR	463	84	16.2%
Victor, CO	463	98	2.4%
Argyle, GA	463	82	18.2%
Badger, IA	463	85	15.1%
Norway, IA	463	86	14.1%
New Hope, VA	463	110	9.8%