New Hope, PA is a small town located in Bucks County. It is known for its quaint downtown area and its rich history, having been founded in 1740. The rent cost for a two bedroom apartment averages at $1,900 per month; however this is much higher than the national average of $1,430. Additionally, the cost of groceries in New Hope is 14% higher than the US average index. Some local companies include New Hope-Solebury School District, which provides quality public education; Iovine Brothers Produce Market where one can find locally grown fruits and vegetables; and Black Bass Hotel which offers luxury lodging along the banks of the Delaware River.
New Hope has an unemployment rate of 6.1%. The US average is 6.0%.
New Hope has seen the job market decrease by -6.3% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower 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 4.1%. 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 $107,366 a year. The US average is $37,638 a year.
- The Median household income of a New Hope resident is $134,583 a year. The US average is $69,021 a year.