New Hope, PA
Population 2,623 · Pennsylvania
About New Hope, PA
New Hope is a small community in Pennsylvania with a population of 2,623 residents. The median household income is $158,929 per year, which is above the national average. The median age in New Hope is 58.1 years.
Housing in New Hope has a median home value of $633,800 and median monthly rent of $1,957. Of the 1,477 total housing units, the majority are owner-occupied, with 861 owner-occupied and 505 renter-occupied units.
The unemployment rate in New Hope is 5.6% and the poverty rate is 3.8%. 74.9% of residents hold a bachelor's degree or higher. The average commute time is 33.1 minutes.
How New Hope Ranks in Pennsylvania
Cost of Living in New Hope, PA
Compared to national averages, New Hope has a median household income of $158,929 (111% above the national median of $75,149). Home values average $633,800, which is 159% above the national median. Monthly rent at $1,957 is 68% above the US average of $1,163. Within Pennsylvania, New Hope's income is 117% above the state average of $73,376, and home values are 232% above the state median of $190,903.
Why Live in New Hope, PA?
New Hope offers a strong local economy with a median household income of $158,929, well above the national average, and a well-educated community where 74.9% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.8%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $633,800. However, New Hope’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Hope has a population of 2,623 with a median age of 58.1 years. Compare New Hope with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near New Hope
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Belmont | 2,624 | $57,132 | $148,600 | Compare |
| Reynoldsville | 2,622 | $46,433 | $89,000 | Compare |
| Leith-Hatfield | 2,621 | $107,206 | $315,500 | Compare |
| McAdoo | 2,617 | $45,239 | $84,800 | Compare |
| Derry | 2,616 | $49,051 | $122,200 | Compare |
| West Newton | 2,630 | $47,250 | $130,300 | Compare |
| Rockledge | 2,609 | $82,708 | $295,800 | Compare |
| Dillsburg | 2,638 | $80,977 | $206,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about New Hope
What is the population of New Hope, PA?
The population of New Hope, PA is 2,623 according to the latest Census data.
What is the median household income in New Hope?
The median household income in New Hope, PA is $158,929 per year.
What is the median home value in New Hope?
The median home value in New Hope, PA is $633,800.
What is the average rent in New Hope?
The median monthly rent in New Hope, PA is $1,957.
What is the unemployment rate in New Hope?
The unemployment rate in New Hope, PA is 5.6%.