Newhope, AR Economy

Newhope, AR is a small town located in the southwest of Arkansas. It has a population of about 8,000 people and is known for its affordable housing and low cost of living. The average two bedroom rent in Newhope is $1,430, which is well below the national average of $1,650. Additionally, the Grocery Cost Index in Newhope is 100 versus 100 in the US, making it an affordable place to live.
Newhope also has several local companies that contribute to its economy. These include Newhope Power Company that provides electricity to the area; Hightower Auto Rental that rents automobiles; and Home Grown Ingredients which specializes in organic food products. All of these businesses help make this town a great place to live and work.