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New Hope, AL
Full City Profile · Alabama · Marshall County County
3.3
/5.0
B
Good
2,895
Population
334/sq mi density
$80,787
Median Income
$29,188 per capita
$158,200
Home Value
$222,593 Zillow
$692
Median Rent
22.1% income on rent
60°F
Avg Temperature
301 sunny days/yr
393
Violent Crime/100K
1,896 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$80,787 median income, 5.7% unemployment
A+
Affordability
5.0 / 5.0
$158,200 home value, $692/mo rent
F
Safety
1.0 / 5.0
393 violent crimes/100K (4% above avg)
B
Education
3.1 / 5.0
26.3% bachelor's degree or higher
Income Overview
Median Household Income
$80,787
8% above
US avg: $75,149
Per Capita Income
$29,188
25% below
US avg: $39,052
Unemployment Rate
5.7%
58% above
US avg: 3.6%
Poverty Rate
2.7%
78% below
US avg: 12.4%
Income Comparison: New Hope vs. U.S. Average
Each bar shows New Hope’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$80,787
108%
Per Capita
US: $39,052
$29,188
75%
IRS Avg AGI
US: $72,000
$63,765
89%
Avg Weekly Wage
US: $1,432
$927
65%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$927
35% below US avg ($1,432)
Mean Commute Time
25 min
11% below US avg (28 min)
Work From Home
2.3%
85% below US avg (15.2%)
Drive Alone
86.2%
18% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$5,278M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
86.2%
Public Transit
0%
Work From Home
2.3%
Other
11.5%
Average commute time
25 minutes
US avg: 28 min
Business Landscape
Total Establishments
2,582
Restaurants
208
Healthcare
196
Retail
424
Manufacturing
112
Tax & Financial
IRS Avg Adjusted Gross Income
$63,765
11% below US avg ($72,000)
Avg Property Tax
$2,624
25% below US avg ($3,500)
Cost of Living Index
88.8
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $80,787 |
| Per Capita Income | $29,188 |
| IRS Avg Adjusted Gross Income | $63,765 |
| Avg Weekly Wage | $927 |
| County GDP | $5,278M |
Hardship Indicators
| Unemployment Rate | 5.7% |
| Poverty Rate | 2.7% |
| Gini Coefficient | 0.457 |
| Cost of Living Index | 88.8 |
Commute
| Mean Commute | 25 minutes |
| Drive Alone | 86.2% |
| Public Transit | 0.0% |
| Work From Home | 2.3% |
Businesses
| Total Establishments | 2,582 |
| Restaurants | 208 |
| Healthcare | 196 |
| Retail | 424 |
| Manufacturing | 112 |
Tax
| IRS Avg AGI | $63,765 |
| Avg Property Tax | $2,624 |