New Hope, OR is a great city to live in for those looking for an affordable lifestyle. The average rent for a two bedroom apartment in New Hope is around $1,290 while the US average is $1,430. The grocery cost index in New Hope is also lower than the national average at 101 versus 100 nationally. This makes New Hope an attractive option for those looking to save money but still enjoy city life. Local businesses include KFC, Pizza Hut, Burger King and shopping malls like Woodland Mall among many others that all offer competitive prices. All these factors make New Hope an ideal choice when it comes to cost of living and quality of life.
New Hope has an unemployment rate of 7.5%. The US average is 6.0%.
New Hope has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 42.4%, which is higher than the US average of 33.5%.
Tax Rates for New Hope
- The Sales Tax Rate for New Hope is 0.0%. The US average is 7.3%.
- The Income Tax Rate for New Hope is 9.0%. 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 $30,686 a year. The US average is $28,555 a year.
- The Median household income of a New Hope resident is $70,000 a year. The US average is $69,021 a year.