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!
New Hope has an unemployment rate of 4.4%. The US average is 6.0%.
New Hope has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 42.0%, which is higher than the US average of 33.5%.
Tax Rates for New Hope
- The Sales Tax Rate for New Hope is 6.0%. The US average is 7.3%.
- The Income Tax Rate for New Hope is 6.3%. 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 $8,861 a year. The US average is $37,638 a year.
- The Median household income of a New Hope resident is $0 a year. The US average is $69,021 a year.