New Hope, TN Demographics

The total population of New Hope is estimated to be 839 with 407 males (48.51%) and 432 females (51.49%). There are 25 more females than males in New Hope.
The median household income in New Hope was $50,378 in 2021, which marked an a decrease of 7,979(13.67%) from $58,357 in 2020. This income is 67.53% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, New Hope sees its highest median household income among householders in the age group of 25 to 44 years old, at $70,415. Overall, the median household income for the city of New Hope stands at $50,378.
In New Hope, the median income for all workers aged 15 years and older, regardless of work hours, was $35,130 for males and $22,421 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $60,051 for males and $41,271 for females.
In New Hope, there are just two different racial groups among households. Among these, White households report a median household income of $54,721, while Two or More Races households have a median household income of $44,588.
In 2022, the population of New Hope was 968, a 1.22% decrease year-by-year from 2021. Previously, in 2021, New Hope's population was 980, a decline of 0.81% compared to a population of 988 in 2020.
The median age in New Hope, TN is 48.1, as per 2021 ACS 5-Year Estimates. Of the total population, 14.90% were under the age of 15, 18.72% aged 15 to 29, 42.49% aged 30 to 64, 22.41% aged 65 to 84, and 1.48% were 85 years of age and older.
Racial distribution of New Hope population: 98.77% are White and 1.23% are multiracial.