New Hope is a very small borough located in the state of Pennsylvania. With a population of 2,632 people and four associated neighborhoods, New Hope is the 554th largest community in Pennsylvania. New Hope home prices are not only among the most expensive in Pennsylvania, but New Hope real estate also consistently ranks among the most expensive in America.New Hope is a decidedly white-collar borough, with fully 92.87% of the workforce employed in white-collar jobs, well above the national average. Overall, New Hope is a borough of managers, professionals, and sales and office workers. There are especially a lot of people living in New Hope who work in business and financial occupations (33.86%), management occupations (14.58%), and sales jobs (5.80%). Of important note, New Hope is also a borough of artists. New Hope has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape New Hope’s character. Also of interest is that New Hope has more people living here who work in computers and math than 95% of the places in the US. One interesting thing about the economy is that relatively large numbers of people worked from their home: 34.23% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes. In addition, New Hope is home to many people who could be described as "urban sophisticates", which are people who are not only wealthy and employed in professional occupations, but highly educated to boot. Urban sophisticates have urbane tastes - whether they reside in a big or small city, a suburb, or a little town. Urban sophisticates support bookstores, quality clothing stores, enjoy luxury travel, and in big cities, they are truly the patrons of the arts, attending and supporting institutions such as opera, symphony, ballet, and theatre. One downside of living in New Hope is that it can take a long time to commute to work. In New Hope, the average commute to work is 35.67 minutes, which is quite a bit higher than the national average. If knowledge is power, New Hope is a pretty powerful place. 67.40% of the adults in New Hope have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns. The per capita income in New Hope in 2022 was $113,683, which is wealthy relative to Pennsylvania and the nation. This equates to an annual income of $454,732 for a family of four. New Hope is a somewhat ethnically-diverse borough. The people who call New Hope home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of New Hope residents report their race to be White, followed by Asian. Important ancestries of people in New Hope include German, Italian, Irish, English, and Polish. The most common language spoken in New Hope is English. Other important languages spoken here include Italian and Spanish.
