Is New Hope, AL a Good Place to Live?
New Hope is a small town of 2,875 in Alabama, with a median household income of $76,680 and a 7.9% unemployment rate. Its cost of living index is 92 (US average = 100), which is 8% below the national average.
Strengths: New Hope stands out for an affordable cost of living, below-average home prices, lower-than-average crime, solid school ratings (B-), short average commutes.
Trade-offs: Potential downsides include an elevated unemployment rate. Whether New Hope is right for you depends on your priorities — the full breakdown is below.
All New Hope city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 91.7New Hope's overall cost of living index is 91.7, where 100 represents the US national average. Living in New Hope costs roughly 8% less than the average American city.
| Metric | New Hope, AL | National Avg |
|---|---|---|
| Median Home Value | $159,800 | $244,900 |
| Median Monthly Rent | $885 | $1,163 |
| Homeownership Rate | 77.0% | 65.9% |
| Median Household Income | $76,680 | $74,755 |
Crime & Safety
Very SafeNew Hope's violent crime rate is 34.0 per 100,000 residents — 91% lower than the national average of ~380 per 100,000.
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
New Hope is served primarily by Madison County. The student-to-teacher ratio is 18.4:1 (slightly above the national average of ~16:1).
| Metric | New Hope, AL | National Avg |
|---|---|---|
| School District | Madison County | — |
| Elementary Schools | 16 | — |
| Middle Schools | 5 | — |
| High Schools | 8 | — |
| Student/Teacher Ratio | 18.4:1 | 16:1 |
| Bachelor's Degree or Higher | 27.1% | 35.4% |
| High School Diploma or Higher | 88.8% | 91.1% |
Weather & Climate
New Hope sees average highs of 50.3°F in January and 88.1°F in July, with 58.1 inches of annual precipitation and 0.7 inches of snow per year.
| Metric | New Hope, AL |
|---|---|
| Average High — January | 50.3°F |
| Average High — July | 88.1°F |
| Annual Precipitation | 58.1" |
| Annual Snowfall | 0.7" |
Demographics
| Metric | New Hope, AL | National Avg |
|---|---|---|
| Population | 2,875 | — |
| Median Age | 34.2 | 38.9 |
| Unemployment Rate | 7.9% | 3.7% |
| Avg Commute Time | 25.5 min | 26 min |
| White (non-Hispanic) | 96.6% | 59.3% |
| Black or African American | 1.2% | 13.6% |
| Hispanic or Latino | 0.0% | 18.9% |
| Asian | 0.1% | 6.3% |
| Under 18 | 33.9% | 22.2% |
| 65 and over | 9.1% | 16.8% |
Nearby Cities
ZIP Codes in New Hope
New Hope, AL is covered by 1 ZIP code: