New Hope, PA, has a higher cost of living compared to the nationwide average. The overall cost of living index in New Hope is 113, which is 13% higher than the national average of 100. Housing costs are particularly elevated, with an index of 130, indicating a 30% increase over the national average. This suggests that job seekers considering New Hope should be aware of the higher expenses, especially in housing.
New Hope, PA, shows a higher cost of living compared to the nationwide average in several key areas. The housing index stands at 130, which is 30% higher than the national average of 100. This means that housing costs in New Hope are significantly more expensive, making it a critical factor for potential residents to consider. Groceries in New Hope also exceed the national average, with an index of 110, indicating a 10% increase in grocery prices. This rise in food costs adds to the overall higher living expenses in the area.
Utilities in New Hope are slightly below the national average, with an index of 95, representing a 5% decrease. This offers a small relief to residents who might otherwise face higher expenses across the board. Transportation costs in New Hope are 5% higher than the national average, with an index of 105. Healthcare costs also exceed the national average, with an index of 120, showing a 20% increase. Miscellaneous costs, with an index of 115, are 15% higher than the average. These figures highlight the overall higher cost of living in New Hope, PA, compared to the nationwide average.
