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Is New Hope, PA a Good Place to Live?
New Hope is a small town of 2,624 in Pennsylvania, with a median household income of $117,143 and a 8.5% unemployment rate. Its cost of living index is 104 (US average = 100), which is 4% above the national average.
Strengths: New Hope stands out for lower-than-average crime, solid school ratings (A+), a well-educated population.
Trade-offs: Potential downsides include high home prices, longer commutes, 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: 103.5New Hope's overall cost of living index is 103.5, where 100 represents the US national average. Living in New Hope costs roughly 4% more than the average American city.
| Metric | New Hope, PA | National Avg |
|---|---|---|
| Median Home Value | $596,300 | $244,900 |
| Median Monthly Rent | $1,698 | $1,163 |
| Homeownership Rate | 62.5% | 65.9% |
| Median Household Income | $117,143 | $74,755 |
Crime & Safety
Very SafeNew Hope's violent crime rate is 151.7 per 100,000 residents — 60% 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 New Hope-Solebury SD. The student-to-teacher ratio is 11.0:1 (better than the national average of ~16:1).
| Metric | New Hope, PA | National Avg |
|---|---|---|
| School District | New Hope-Solebury SD | — |
| Elementary Schools | 2 | — |
| Middle Schools | 1 | — |
| High Schools | 1 | — |
| Student/Teacher Ratio | 11.0:1 | 16:1 |
| Bachelor's Degree or Higher | 67.4% | 35.4% |
| High School Diploma or Higher | 92.8% | 91.1% |
Weather & Climate
New Hope sees average highs of 41.5°F in January and 87.9°F in July, with 50.4 inches of annual precipitation and 13.4 inches of snow per year.
| Metric | New Hope, PA |
|---|---|
| Average High — January | 41.5°F |
| Average High — July | 87.9°F |
| Annual Precipitation | 50.4" |
| Annual Snowfall | 13.4" |
Demographics
| Metric | New Hope, PA | National Avg |
|---|---|---|
| Population | 2,624 | — |
| Median Age | 56.8 | 38.9 |
| Unemployment Rate | 8.5% | 3.7% |
| Avg Commute Time | 35.9 min | 26 min |
| White (non-Hispanic) | 91.0% | 59.3% |
| Black or African American | 0.0% | 13.6% |
| Hispanic or Latino | 1.6% | 18.9% |
| Asian | 3.2% | 6.3% |
| Under 18 | 11.9% | 22.2% |
| 65 and over | 26.5% | 16.8% |
Nearby Cities
ZIP Codes in New Hope
New Hope, PA is covered by 1 ZIP code: