New Hope, VA is a small town located in Virginia. It has an estimated population of around 2,600 people. The cost of living in New Hope is relatively low compared to the national average. For example, a two bedroom rent in New Hope is only $920 compared to the national average of $1,430. Additionally, the Grocery Cost Index in New Hope is 98 versus 100 for the US as a whole. This makes it an attractive option for those looking to move with their family or commute to nearby cities like Richmond. There are several local businesses in New Hope such as Cooper's Antiques & Collectables and Heirlooms Antique Mall that offer unique shopping experiences. These local stores help create an inviting atmosphere and make it easy to find something special for any occasion. All these factors combined create a great place to live that offers both affordability and convenience without sacrificing quality of life.
New Hope has an unemployment rate of 4.1%. The US average is 6.0%.
New Hope has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 32.9%, which is lower than the US average of 33.5%.
Tax Rates for New Hope
- The Sales Tax Rate for New Hope is 5.3%. The US average is 7.3%.
- The Income Tax Rate for New Hope is 5.8%. 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 $20,693 a year. The US average is $28,555 a year.
- The Median household income of a New Hope resident is $73,152 a year. The US average is $69,021 a year.