New Hope, TX is a small town located in Collin County with a population of just over 2,100 people. The cost of living in New Hope is slightly higher than the national average as rent for a two bedroom apartment is $2,170 compared to the US average of $1,430. Similarly, grocery costs are also higher with an index score of 102 compared to 100 in the US. Even though prices are slightly higher than other places in the country, there are many benefits to living in New Hope such as convenient access to local businesses and services. Companies like Lovejoy BBQ and Ryan's Feed Store provide excellent customer service and quality products for residents and out-of-towners alike. With its ideal location and high quality of life, New Hope is an attractive place to live for those looking for a comfortable home away from home.
New Hope has an unemployment rate of 5.6%. The US average is 6.0%.
New Hope has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 48.6%, which is higher than the US average of 33.5%.
Tax Rates for New Hope
- The Sales Tax Rate for New Hope is 8.3%. The US average is 7.3%.
- The Income Tax Rate for New Hope is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Hope
- The average income of a New Hope resident is $30,330 a year. The US average is $28,555 a year.
- The Median household income of a New Hope resident is $73,542 a year. The US average is $69,021 a year.