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New Hope, TX
Full City Profile · Texas · Collin County County
3.0
/5.0
B
Good
705
Population
493/sq mi density
$65,625
Median Income
$42,345 per capita
$405,600
Home Value
$426,478 Zillow
$1,841
Median Rent
45.0% income on rent
65°F
Avg Temperature
323 sunny days/yr
289
Violent Crime/100K
1,268 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.3 / 5.0
$65,625 median income, 1.3% unemployment
B
Affordability
3.2 / 5.0
$405,600 home value, $1,841/mo rent
F
Safety
1.0 / 5.0
289 violent crimes/100K
B+
Education
3.5 / 5.0
31.7% bachelor's degree or higher
Income Overview
Median Household Income
$65,625
13% below
US avg: $75,149
Per Capita Income
$42,345
8% above
US avg: $39,052
Unemployment Rate
1.3%
64% below
US avg: 3.6%
Poverty Rate
6.2%
50% 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
$65,625
87%
Per Capita
US: $39,052
$42,345
108%
IRS Avg AGI
US: $72,000
$129,628
180%
Avg Weekly Wage
US: $1,432
$1,694
118%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,694
18% above US avg ($1,432)
Mean Commute Time
29 min
5% above US avg (28 min)
Work From Home
8.8%
42% below US avg (15.2%)
Drive Alone
85.3%
17% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$115,358M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
85.3%
Public Transit
0%
Work From Home
8.8%
Other
5.9%
Average commute time
29 minutes
US avg: 28 min
Business Landscape
Total Establishments
34,830
Restaurants
2,668
Healthcare
4,398
Retail
2,985
Manufacturing
491
Tax & Financial
IRS Avg Adjusted Gross Income
$129,628
80% above US avg ($72,000)
Avg Property Tax
$10,750
207% above US avg ($3,500)
Cost of Living Index
97.1
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $65,625 |
| Per Capita Income | $42,345 |
| IRS Avg Adjusted Gross Income | $129,628 |
| Avg Weekly Wage | $1,694 |
| County GDP | $115,358M |
Hardship Indicators
| Unemployment Rate | 1.3% |
| Poverty Rate | 6.2% |
| Gini Coefficient | 0.433 |
| Cost of Living Index | 97.1 |
Commute
| Mean Commute | 29 minutes |
| Drive Alone | 85.3% |
| Public Transit | 0.0% |
| Work From Home | 8.8% |
Businesses
| Total Establishments | 34,830 |
| Restaurants | 2,668 |
| Healthcare | 4,398 |
| Retail | 2,985 |
| Manufacturing | 491 |
Tax
| IRS Avg AGI | $129,628 |
| Avg Property Tax | $10,750 |