New Hope, PA, shows a higher cost of living compared to the nationwide average. Housing costs are 20% higher, while groceries are 5% higher. Utilities and healthcare are slightly below the average, with utilities at 2% below and healthcare at 3% below. Transportation costs are 10% higher, and miscellaneous expenses are 2% higher than the national average. Overall, New Hope's cost of living index stands at 104, reflecting a 4% increase from the national average of 100.
New Hope, PA, presents a cost of living that is notably higher than the nationwide average. The housing index in New Hope stands at 120, which is 20% above the national average. This means that housing costs in New Hope are significantly higher, making it a key factor for potential residents to consider. Groceries in New Hope also reflect a higher cost, with an index of 105, indicating a 5% increase over the national average. This suggests that everyday food expenses are somewhat elevated.
Transportation costs in New Hope are 10% higher than the national average, with an index of 110. This increase can impact daily commutes and overall travel expenses. Utilities, however, are slightly below the national average, with an index of 98, meaning a 2% decrease. Healthcare costs are also slightly lower, at 97, which represents a 3% reduction. Miscellaneous costs, with an index of 102, are just 2% above the national average. Overall, these figures highlight the varied cost of living in New Hope, with some areas being notably more expensive than the national average.
