Housing costs in New Hope?
A typical home costs
$184,800, which is 45.3% less expensive than the national average of
$338,100 and 33.4% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in New Hope costs
$910 per month, which is 36.4% cheaper than the national average of
$1,430 and 17.6% cheaper than the state average of
$1,070.
Can I afford New Hope?
To live comfortably in New Hope, Tennessee, a minimum annual income of
$35,280 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about New Hope?
New Hope, TN is an affordable place to live. The cost of living in New Hope is approximately 4% lower than the US average. Housing costs are particularly attractive, with a median home price of just under $100,000. Renters can find plenty of options too, with average rents coming in below the national average. Groceries and other basic necessities are also quite affordable, making it easy to keep your budget in check. In addition, taxes tend to be low, adding to the overall affordability of living in this small town.