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New Hope, KY Economy
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United States
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Kentucky
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Bardstown Metro Area
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Nelson County
/ New Hope /
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New Hope, KY is an affordable and charming town located in the state of Kentucky. With a grocery cost index of 94 versus the US average index of 100, it's no wonder why this area is so attractive to many families. The 2 Bedroom Rent in New Hope, KY is $730 while in the US it is $1,430 – almost half the cost!
New Hope offers its residents a variety of local companies and attractions such as Bluegrass Farms Restaurant & Bakery, which serves delicious southern cuisine, and Chaos Paintball Park for those looking for an adrenaline rush. There are also numerous outdoor activities available including hiking trails at nearby William Natcher State Park and water skiing on Lake Malone. Finally, there are plenty of shopping opportunities with local stores like Applewood Shopping Center. All these features combined make New Hope a great place to live and visit!
Income by Population Percent
Economy
New Hope, Kentucky
United States
Unemployment Rate
4.4
6
Recent Job Growth
-4.7%
-6.2%
Future Job Growth
42.0%
33.5%
Sales Taxes
6.0%
6.2%
Income Tax
5.5%
4.6%
Income per Cap.
$8,861
$37,638
Household Income
69021
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