New Hope, TN

Census Place

2024 Population

862

US Senator

Marsha Blackburn

Republican Party

US Senator

Bill Hagerty

Republican Party

2024 Poverty Rate

23%

2.22% 1-year decrease

2024 Median Household Income

$77,727

24.6% 1-year growth

2024 Median Property Value

$179,600

20.7% 1-year growth

Population & Diversity

New Hope, TN is home to a population of 862 people, from which 100% are citizens.

In 2024, there were 34.8 times more White (Non-Hispanic) residents (834 people) in New Hope, TN than any other race or ethnicity. There were 24 Two Races Excluding Other, & Three or More Races (Non-Hispanic) and 4 Two Races Including Other (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

100%

2024 Citizenship

100%

2023 Citizenship

As of 2024, 100% of New Hope, TN residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in New Hope, TN was 100%, meaning that the rate of citizenship has been maintaining.

The following chart shows US citizenship percentages in New Hope, TN compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in New Hope, TN

White (Non-Hispanic)
834 ± 242
Two Races Excluding Other, & Three or More Races (Non-Hispanic)
24 ± 24
Two Races Including Other (Non-Hispanic)
4 ± 7

The following chart shows the 8 races represented in New Hope, TN as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Tennessee.

Most Common Origin

Mexico
95,077 ± 7,519 people
Guatemala
31,959 ± 4,379 people
Honduras
26,792 ± 4,011 people

In 2024, the most common birthplace for the foreign-born residents of Tennessee was Mexico, the natal country of 95,077 Tennessee residents, followed by Guatemala with 31,959 and Honduras with 26,792.

Military

Veterans

Most Common Service Period

Vietnam
23 ± 27
Gulf War (1990s)
11 ± 20
Korea
5 ± 17

New Hope, TN has a large population of military personnel who served in Vietnam, 2.09 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in New Hope, TN.

Economy

The economy of New Hope, TN employs 401 people. In 2024, the largest industries in New Hope, TN were Manufacturing (79 people), Construction (78 people), and Accommodation & Food Services (41 people), and the highest paying industries were Wholesale Trade ($64,375), Professional, Scientific, & Technical Services ($58,750), and Other Services Except Public Administration ($57,500).

Employment

Occupations

401

2024 Value

± 125

−6.31%

1 Year decline

± 45.9%

From 2023 to 2024, employment in New Hope, TN declined at a rate of −6.31%, from 428 employees to 401 employees.

The most common job groups, by number of people living in New Hope, TN, are Construction & Extraction Occupations (80 people), Sales & Related Occupations (57 people), and Production Occupations (47 people). This chart illustrates the share breakdown of the primary jobs held by residents of New Hope, TN.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Tennessee.

This chart shows weekly unemployment insurance claims in Tennessee (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

401

2024 Value

± 125

−6.31%

1 Year decline

± 45.9%

From 2023 to 2024, employment in New Hope, TN declined at a rate of −6.31%, from 428 employees to 401 employees.

The most common employment sectors for those who live in New Hope, TN, are Manufacturing (79 people), Construction (78 people), and Accommodation & Food Services (41 people). This chart shows the share breakdown of the primary industries for residents of New Hope, TN, though some of these residents may live in New Hope, TN and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$53,587

Median earning men ± $10,550

$26,979

Median earning women ± $19,730

The industries with the best median earnings for men in 2024 are Other Services Except Public Administration ($78,264), Wholesale Trade ($64,375), and Retail Trade ($53,875).

The industries with the best median earnings for women in 2024 are Transportation & Warehousing, & Utilities ($50,313), Arts, Entertainment, & Recreation, & Accommodations & Food Services ($50,294), and Finance & Insurance, & Real Estate & Rental & Leasing ($37,250).

Housing & Living

The median property value in New Hope, TN was $179,600 in 2024, which is 0.54 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $148,800 to $179,600, a 20.7% increase. The homeownership rate in New Hope, TN is 89.7%, which is higher than the national average of 65.2%.

People in New Hope, TN have an average commute time of 23.6 minutes, and they drove alone to work. Car ownership in New Hope, TN is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$179,600

Median Property Value 2024

±$49,252

$314

Median Property Taxes

±$93

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In New Hope, TN the largest share of households pay taxes in the < $800 range.

The chart underneath the paragraph shows the property taxes in New Hope, TN compared to it's parent and neighbor geographies.

Rent vs Own

89.7%

Homeownership

2024

66.2%

Homeowners with Mortgage

2024

In 2024, 89.7% of the housing units in New Hope, TN were occupied by their owner. This percentage grew from the previous year's rate of 88.5%.

This chart shows the percentage of owner in New Hope, TN compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$77,727

Median Household Income

± $25,757

350

Number of Households

± 103

In 2024, the median household income of the 350 households in New Hope, TN grew to $77,727 from the previous year's value of $62,396.

The following chart displays the households in New Hope, TN distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $75k - $100k range.

Wage Distribution

The closest comparable wage GINI for New Hope, TN is from Tennessee.

0.457

2024 Wage GINI in Tennessee

0.459

2023 Wage GINI in Tennessee

In 2024, the income inequality in Tennessee was 0.457 according to the GINI calculation of the wage distribution. Income inequality had a 0.505% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Tennessee was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Tennessee in comparison to the national average.

This chart shows the number of workers in Tennessee across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (84.6%)
Worked At Home (10.2%)
Carpooled (3.66%)

In 2024, 84.6% of workers in New Hope, TN drove alone to work, followed by those who worked at home (10.2%) and those who carpooled to work (3.66%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

23.6 minutes

Average Travel Time

Using averages, employees in New Hope, TN have a shorter commute time (23.6 minutes) than the normal US worker (26.4 minutes). Additionally, 0.875% of the workforce in New Hope, TN have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in New Hope, TN compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in New Hope, TN distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in New Hope, TN have 2 cars.

Poverty

Poverty & Diversity

23% of the population for whom poverty status is determined in New Hope, TN (198 out of 862 people) live below the poverty line, a number that is higher than the national average of 12.5%. The largest demographic living in poverty are Females 18 - 24, followed by Females 45 - 54 and then Males 18 - 24.

The most common racial or ethnic group living below the poverty line in New Hope, TN is White, followed by Two Or More and Black.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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