Below Average CostVery SafeAugusta County Public Schools
Median Income
$81,164
household / year
Median Home Value
$292,900
owner-occupied
Median Rent
N/A
gross / month
Cost of Living
93
national avg = 100
Is New Hope, VA a Good Place to Live?
New Hope is a small town of 927 in Virginia, with a median household income of $81,164
.
Its cost of living index is 93 (US average = 100), which is
7% below the national average.
Strengths:
New Hope stands out for an affordable cost of living, solid school ratings (B), short average commutes.
Trade-offs:
No major red flags stand out in the available data. 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: 92.6
New Hope's overall cost of living index is 92.6,
where 100 represents the US national average.
Living in New Hope costs roughly 7% less than the average American city.
Metric
New Hope, VA
National Avg
Median Home Value
$292,900
$244,900
Median Monthly Rent
N/A
$1,163
Homeownership Rate
92.6%
65.9%
Median Household Income
$81,164
$74,755
Crime & Safety
Very Safe
New Hope's violent crime rate is 104.6 per 100,000 residents
— 72% lower than the national average of ~380 per 100,000.
Violent Crime
104.6 /100k
Property Crime
978.1 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
New Hope is served primarily by Augusta County Public Schools.
The student-to-teacher ratio is 14.0:1
(better than the national average of ~16:1).
Metric
New Hope, VA
National Avg
School District
Augusta County Public Schools
—
Elementary Schools
9
—
Middle Schools
5
—
High Schools
5
—
Student/Teacher Ratio
14.0:1
16:1
Bachelor's Degree or Higher
26.5%
35.4%
High School Diploma or Higher
88.3%
91.1%
Weather & Climate
New Hope sees average highs of 44.2°F in January
and 85.7°F in July,
with 45.3 inches of annual precipitation
and 21.6 inches of snow per year.
New Hope's cost of living index is 93, where 100 is the national average.
That makes New Hope roughly 7% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $292,900 and median rent is N/A/month.
New Hope's violent crime rate is 104.6 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 978.1 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in New Hope are operated by Augusta County Public Schools.
The district has 9 elementary, 5 middle, and 5 high schools.
The student-to-teacher ratio is 14.0:1. 26.5% of adults 25+ hold a bachelor's degree or higher.
New Hope, VA has a population of 927, a median household income of $81,164, and an unemployment rate of 0.0%.
It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
New Hope averages 44.2°F in January and 85.7°F in July. Annual rainfall is 45.3 inches
with about 21.6 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
New Hope, VA is covered by 2 ZIP codes: 24437, 24469.
The population of New Hope, Virginia is 927 with a median age of 50.7. Source: US Census ACS 5-Year Estimates.
Key numbers for living in New Hope: cost of living index 93 (100 = US average), median home $292,900, median household income $81,164, crime index 35 (100 = US average, lower is safer), schools rated B. Whether these are benefits or drawbacks depends on where you're coming from — compare New Hope side by side with your current city to see the trade-offs.