New Hope is a city located in Madison County Alabama. New Hope has a 2020 population of 2,905. New Hope is currently growing at a rate of 0.28% annually and its population has increased by 0.55% since the most recent census, which recorded a population of 2,889 in 2010.
The average household income in New Hope is $65,641 with a poverty rate of 10.24%. The median rental costs in recent years comes to $821 per month, and the median house value is $128,800. The median age in New Hope is 39.2 years, 36.5 years for males, and 40.6 years for females.
According to the most recent ACS, the racial composition of New Hopewas:
The highest rate of high school graduation is among black people with a rate of 100.00%.
The highest rate of bachelors degrees is among black people with a rate of 100.00%.
98.73% of New Hope residents speak only English, while 1.27% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 0.91% of the population.
Overall Poverty Rate
Male Poverty Rate
Female Poverty Rate
The race most likely to be in poverty in New Hope is White, with 9.80% below the poverty level.
The race least likely to be in poverty in New Hope is Hispanic, with 100.00% below the poverty level.
The poverty rate among those that worked full-time for the past 12 months was 0.93%. Among those working part-time, it was 14.14%, and for those that did not work, the poverty rate was 20.13%.
Veteran Poverty Rate
Veteran Disability Rate
Labor Force Participation
Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.
Born in New Hope
99.55% of New Hope residents were born in the United States, with 84.73% having been born in Alabama. 0.17% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Latin America.