City profile · Tennessee · Census ACS 2023

New Hope, TN

Population, income, housing, safety, climate and schools for New Hope - drawn straight from Census ACS, FBI UCR, NOAA, NCES, HUD and FEMA, refreshed on the 2024–2025 release cycle.

928
Residents
$62,396
Median income
$148,800
Median home
$1,390
Median rent (state)

New Hope - the verdict

Nationally, New Hope sits in the 39th percentile for household income among US cities with a population of 1,000 or more. Source: Census ACS.

39th
percentile, household income
27th
percentile, home value
53rd
percentile, median rent
📝 How we sourced this

Population, income, and housing-cost figures come from the U.S. Census Bureau American Community Survey 5-year estimates (B-series tables). Crime data uses FBI UCR; climate uses NOAA Climate Normals; school counts come from NCES Common Core of Data; permits use the Census Building Permits Survey (BPS). See our methodology page for the full ETL pipeline and OMB / FIPS join keys.

Data Snapshot: New Hope, TN

New Hope is a small town in Tennessee, home to 928 residents per U.S. Census Bureau ACS 2023 estimates. New Hope households earn a median of $62,396 annually, below the median for U.S. cities on this measure, with a poverty rate of 15.7%. Typical homes in New Hope are valued around $148,800, and the median resident age is 38.9 years. Educational attainment runs 6.1% of adults with a bachelor's degree or higher. Separately, 56.8% of working-age residents are in the labor force.

Housing supply pressure shows in Census Building Permit Survey data: 4 residential units were authorized in 2024 (Low Activity).

Living costs in Tennessee run below the national norm: the state registers 91.9 on a 100-equals-national-average index (Well Below Average) per BEA Regional Price Parities 2024. Statewide, HUD pegs Fair Market Rent for a two-bedroom unit at $1,390 monthly. EIA 2023 residential energy data puts Tennessee's average monthly utility costs around $218 (state average). On FEMA's National Risk Index, this area rates 58.2 out of 100 for natural-hazard exposure (Moderate).

Population

928 residents

Census ACS 2023 - Tennessee

Median Household Income

$62,396 /yr

Poverty 15.7%

Cost of Living Index (state)

91.9 (US=100)

Well Below Average - BEA RPP 2024, Tennessee average

How does New Hope compare to other US cities?

New Hope measured against every US city with 1,000+ residents, computed live from the same Census and FBI data shown throughout this page.

Household income 39% higher than other cities
Home value 27% pricier than other cities
Median rent 53% pricier than other cities

"Safer than" reflects total crime rate from FBI UCR; the others use Census ACS estimates.

How we calculate these percentiles & ranks

Each percentile compares New Hope against every qualifying US city; each in-state rank narrows that to Tennessee only. Full formula and direction notes: methodology.

Tennessee-relative analysis

Bachelor's Degree or Higher places New Hope near the bottom of Tennessee's cities

Among the 482 Tennessee cities PlainCities tracks with reported bachelor's degree or higher data, New Hope ranks #441 - the 9th percentile within the state. This is a different, narrower cut than the nationwide percentiles above: it compares New Hope only against its own state's cities, not the full US field.

Median Household Income
#184 of 458
60th percentile in Tennessee
Median Gross Rent
#103 of 482
73rd percentile in Tennessee
Median Home Value
#306 of 455
33rd percentile in Tennessee
Poverty Rate
#131 of 482
72nd percentile in Tennessee
Bachelor's Degree or Higher
#441 of 482
9th percentile in Tennessee

Ranked by raw value (highest first); a higher rank is not automatically "better" for every measure, see each metric's own context above. This is a comparison within Tennessee only, not a livability score. See the methodology for the source and calculation.

39thIncome percentile

39th percentile nationally for median household income. Source: Census ACS 2023 / FBI UCR 2023.

How New Hope's home value compares nationally

Median home value vs. every US city (population 1,000+)

$148,800 Among the most affordable more affordable than 73% of 15,600 US cities

$0–$25,000: 5 US cities (0%). Below this entry. $25,000–$50,000: 54 US cities (0%). Below this entry. $50,000–$75,000: 352 US cities (2%). Below this entry. $75,000–$100,000: 1,086 US cities (7%). Below this entry. $100,000–$125,000: 1,516 US cities (10%). Below this entry. $125,000–$150,000: 1,170 US cities (8%). This entry sits in this band. $150,000–$175,000: 1,278 US cities (8%). Above this entry. $175,000–$200,000: 1,229 US cities (8%). Above this entry. $200,000–$225,000: 1,035 US cities (7%). Above this entry. $225,000–$250,000: 976 US cities (6%). Above this entry. $250,000–$275,000: 754 US cities (5%). Above this entry. $275,000–$300,000: 712 US cities (5%). Above this entry. $300,000–$325,000: 521 US cities (3%). Above this entry. $325,000–$350,000: 526 US cities (3%). Above this entry. $350,000–$375,000: 465 US cities (3%). Above this entry. $375,000–$400,000: 393 US cities (3%). Above this entry. $400,000–$425,000: 317 US cities (2%). Above this entry. $425,000–$450,000: 300 US cities (2%). Above this entry. $450,000–$475,000: 307 US cities (2%). Above this entry. $475,000–$500,000: 250 US cities (2%). Above this entry. $500,000–$525,000: 160 US cities (1%). Above this entry. $525,000–$550,000: 156 US cities (1%). Above this entry. $550,000–$575,000: 172 US cities (1%). Above this entry. $575,000–$600,000: 172 US cities (1%). Above this entry. $600,000–$625,000: 163 US cities (1%). Above this entry. $625,000–$650,000: 167 US cities (1%). Above this entry. $650,000–$675,000: 135 US cities (1%). Above this entry. $675,000–$700,000: 101 US cities (1%). Above this entry. $700,000–$725,000: 95 US cities (1%). Above this entry. $725,000–$750,000: 71 US cities (0%). Above this entry. $750,000–$775,000: 65 US cities (0%). Above this entry. $775,000–$800,000: 70 US cities (0%). Above this entry. $800,000–$825,000: 57 US cities (0%). Above this entry. $825,000–$850,000: 67 US cities (0%). Above this entry. $850,000–$875,000: 60 US cities (0%). Above this entry. $875,000–$900,000: 58 US cities (0%). Above this entry. $900,000–$925,000: 47 US cities (0%). Above this entry. $925,000–$950,000: 37 US cities (0%). Above this entry. $950,000–$975,000: 31 US cities (0%). Above this entry. $975,000–$1,000,000: 470 US cities (3%). Above this entry. $1,000,000–$1,025,000: 0 US cities (0%). Above this entry. New Hope $0 $1,025,000 every US city, bucketed by value

Each bar is a $25K-wide band; taller bars hold more US cities. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau ACS 5-Year Estimates · 2023

Income distribution context

Household income distribution - New Hope, TN New Hope, TN's reported median household income shown against the U.S. national quintile-share pattern (not New Hope, TN-specific quintile data). The Lorenz curve traces the national cumulative income share against cumulative population share, perfect equality is the diagonal; observed inequality bows below. $ Household Income Distribution New Hope, TN median $62,396/yr, vs. U.S. national quintile pattern QUINTILE SHARE OF AGGREGATE INCOME Lowest 20% 3.4% Second 20% 9.2% Middle 20% 15.1% Fourth 20% 23.2% Top 20% 49.1% LORENZ CURVE cumulative income vs. population 100% 0% 100% pop. 0%
New Hope, TN's median household income (Census ACS 5-year estimate) plotted against the U.S. national income-quintile distribution pattern for context; the quintile shares and Lorenz curve are national figures, not computed specifically for New Hope, TN. Diagonal = perfect equality.

Key socioeconomic indicators

Bachelor's degree or higher (adults 25+) 6.1%

Census ACS S1501, educational attainment

Poverty rate (households below FPL) 15.7%

Census ACS S1701, poverty status

Labor force participation (adults 16+) 56.8%

Census ACS S2301, share of working-age residents in the labor force

Population
928
Median Income
$62,396
Median Home Value
$148,800
Median Age
38.9
Poverty Rate
15.7%
Labor force participation
56.8%
Bachelor's Degree+
6.1%

Population Change

Annual U.S. Census Bureau Population Estimates Program (PEP) estimates, 2020–2025

See the fastest-growing cities →
960 residents970 residents980 residents990 residents1,000 residents 202020212022202320242025 995 residents 968 residents ▼ -2.7%
New Hope's Census PEP population estimates, 2020–2025.

Housing Supply

Census Bureau Building Permits Survey (BPS) - annual residential permits authorized

🏗️ Low Activity
Total Permits (2024)
4
housing units authorized
Single-Family
4
detached homes
Multifamily
0
apartments & condos
Supply Intensity
4.3
permits per 1,000 residents

5-Year Permit Trend (2019–2024)

Year Total
2019 0
2020 0
2021 0
2022 0
2023 5
2024 4

Commute Patterns

How workers travel to work, Census ACS 2023

Drive Alone
83.3%
Carpool
4.9%
Public Transit
0.0%
Walk
1.9%
Work from Home
8.0%
Other
1.9%

Based on 412 workers 16 and over.

Monthly Utility Costs

State-average estimates for Tennessee - EIA 2023 residential energy data

Electricity
$120
avg/month
Natural Gas
$58
avg/month
Water & Sewer
$40
avg/month
Total Utilities
$218
estimated/month

Estimates reflect Tennessee state averages. Actual costs vary by home size, usage, and local rates. Source: U.S. Energy Information Administration (EIA) 2023.

Living Costs & Risk

Cost of living is a Tennessee state average from BEA; rent and hazard risk are county-level figures from HUD and FEMA for the county New Hope sits in

Cost of Living Index
91.9
Well Below Average
US average = 100 · BEA RPP 2024
Typical 2-BR Rent
$1,390/mo
HUD Fair Market Rent
County-level FMR estimate
Natural Hazard Risk
58.2 / 100
Moderate
FEMA NRI composite score (county)

Similar Cities in Tennessee

Eagleville
934 people
Grimsley
940 people
Bulls Gap
910 people
Ridgeside
907 people
Fowlkes
898 people
Decaturville
895 people

Cities of a Similar Size Nationwide

Population-matched peers from other states, closest to New Hope's 928 residents (Census ACS 5-Year 2023).

Cobb, CA
928 people
Memphis, IN
928 people
Pine River, MN
928 people
Griggstown, NJ
928 people
Amenia, NY
928 people
Lake George, NY
928 people

Cities with a Similar Household Income Nationwide

Median-household-income-matched peers from other states, closest to New Hope's $62,396 (Census ACS 5-Year 2023, table B19013).

Bladensburg, MD
$62,400 median income
Palatine Bridge, NY
$62,404 median income
Blissfield, MI
$62,386 median income
Westwood, MI
$62,408 median income
Goldenrod, FL
$62,410 median income
Uvalda, GA
$62,411 median income

Race & Ethnicity Composition

Race and ethnicity - New Hope, TN Race categories sum to one hundred percent per Census methodology. Hispanic or Latino is shown separately as an ethnicity overlay; it cuts across all race categories per OMB Directive 15. Race & Ethnicity Composition New Hope, TN - Census ACS, OMB race + ethnicity categories RACE, sums to 100% 96.7% ETHNICITY, Hispanic or Latino (any race) 0.0% White 96.7% Black or African American 0.0% Asian 0.0% American Indian 0.0% Native Hawaiian 0.0% Some other race 0.0% Two or more races 3.3% Per OMB Directive 15: Hispanic/Latino ethnicity is reported separately from the race categories.
Race categories sum to 100%. Hispanic or Latino ethnicity is reported separately and cuts across race per Census/OMB methodology.

City-level race and ethnicity, Census ACS 5-year 2023 (tables B02001, B03001), OMB Directive 15 categories.

How New Hope compares to nearby Tennessee cities

Population + median household income, sourced from Census Bureau ACS 5-year B01001 (population) and B19013 (median household income).

City Population Median Household Income
New Hope (this city) 928 $62,396
Eagleville 934 $87,404
Grimsley 940 $56,458
Bulls Gap 910 $50,066
Census ACS 5-year FIPS TN Census BPS 2024 OMB Bulletin 23-01

What do people ask about New Hope, TN?

What is the population of New Hope, TN? +

New Hope, TN has a population of 928 according to U.S. Census Bureau ACS 2023 estimates.

What is the median household income in New Hope, TN? +

The median household income in New Hope is $62,396 per year, based on Census ACS 2023 data.

What is the cost of living in New Hope? +

BEA does not publish a city-level cost-of-living figure for New Hope; the closest available measure is the Tennessee state average, a cost of living index of 91.9 (U.S. average = 100), rated "Well Below Average" based on BEA Regional Price Parities 2024 data. Costs within Tennessee vary by metro area.

What is the median home value in New Hope, TN? +

Homes in New Hope carry a median value of $148,800, according to Census ACS 2023 estimates.

Source: U.S. Census Bureau ACS 5-Year 2023, Census BPS 2024, Census ACS B08301/B08136, U.S. Energy Information Administration (EIA) 2023, BEA Regional Price Parities 2024, HUD Fair Market Rents 2026, FEMA National Risk Index.

Read our methodology - how this data is sourced, computed, and verified.

Primary sources: Census ACS, FBI UCR, NOAA Climate Normals, NCES.

Citation & verification links Data sourced from the U.S. Census Bureau. See our methodology for details. Retrieved and formatted by PlainCities

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Every figure on PlainCities is rendered directly from Census ACS source data, no number is typed in by an editor. This page draws directly on Census ACS source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.