D

New Hope, KY

Source:

Affordability Score: 42/100

Population: 515 · 1 ZIP codes

The affordability dashboard for New Hope, KY aggregates Census ACS 5-Year Estimates across 1 ZIP code covering 515 residents, then layers in county-level federal data to produce an overall grade of D (42/100). The headline inputs are median household income of $45,750, median home value of , median rent of per month, and 23.7% of adults holding a bachelor's degree or higher. These four metrics alone explain most of the variance between city dashboards.

Cross-agency feeds widen the picture beyond Census demographics. HUD publishes a Fair Market Rent for a 2-bedroom in this county at $1,016 per month (studio $770, 1BR $781, 3BR $1,360, 4BR $1,704). Department of Labor data lists infant center-based childcare at $8,388 per year, consuming 18% of the local median household income.

Reading the overall grade requires reading all seven dimensions together. The score weights Income 20%, Safety 20%, Housing 15%, Rent 15%, Education 10%, Commute 10%, and Childcare 10%, with each sub-score benchmarked against national percentiles rather than state averages — so the grade is genuinely comparable across any city in the country. Pressure points are income, education, childcare. Unemployment currently reads 8.0% and poverty 9.6% — numbers worth keeping alongside the headline grade.

Score Breakdown

Income F
$45,750
Median household income
Education F
23.7%
Bachelor's degree or higher
Housing N/A
N/A
Home value to income ratio
Commute N/A
N/A
Average commute time
Rent C+
$1,016/mo
2BR fair market rent (27% of income)
Safety N/A
N/A
Violent crime rate (county)
Childcare F
$8,388/yr
Center-based infant care (18% of income)

Income & Employment

Median Income
$45,750
▼ 26% vs national
Per Capita Income
$27,319
Unemployment Rate
8.0%
Poverty Rate
9.6%

Housing

Median Home Value
Median Rent
Owner Occupied
87.1%
2BR Fair Market Rent
$1,016/mo
▼ 15% vs national

Fair Market Rents by Bedroom

Studio
$770
1BR
$781
2BR
$1,016
3BR
$1,360
4BR
$1,704

Safety

Violent Crime Rate
Data Source
FBI UCR (county-level)

Education & Family

Bachelor's Degree+
23.7%
▼ 6 ppt vs national
High School+
57.6%
Median Age
47.1
Avg. Commute

Childcare Costs

Infant (Center)
$8,388/yr
18% of income
Toddler (Center)
$7,378/yr
Preschool (Center)
$7,378/yr
School-Age (Center)
$6,218/yr

What This Means

New Hope, KY receives an overall affordability grade of D (42/100), aggregated from 1 ZIP codes with a total population of 515. Challenges include income and education and childcare. Data was unavailable for housing, commute, safety — these dimensions were excluded from the overall score.

Nearby City Dashboards

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What are common questions about this dashboard?

Is New Hope, KY affordable?
New Hope, KY receives an overall affordability grade of D (42/100) based on Census, HUD, FBI, and DOL data. Median household income is $45,750.
What is the cost of living in New Hope?
Key cost metrics: 2BR fair market rent $1,016/mo. Infant childcare $8,388/yr.
How is the affordability score calculated?
The score evaluates 7 dimensions weighted by importance: Income (20%), Safety (20%), Housing (15%), Rent (15%), Education (10%), Commute (10%), and Childcare (10%). Each metric is compared against national percentile benchmarks from Census, HUD, FBI, and DOL data.

Data as of 2024. Source: U.S. Census Bureau ACS 5-Year Estimates. Source: HUD Fair Market Rents. Source: FBI Uniform Crime Report. Source: DOL National Database of Childcare Prices. Verify with HUD →