Living in Hope, Indiana
Cost of living, income, home prices, rent and demographics of Hope · Census data 2020–2024
Hope has 2,029 residents with a median age of 31.2. The median household income is $76,188 (6% higher than the Indiana median), the median home value is $148,600, the median rent is $1,156/month.
Hope at a glance
- Population
- 2,029
- Median age
- 31.2State: 38.1
- Median household income
- $76,188State: $71,957
- Median home value
- $148,600State: $218,200
- Median rent
- $1,156/moState: $1,062
- Homeowners
- 79.5%
- Bachelor's degree or higher
- 9.5%
- Average commute
- 24 min
Is Hope a good place to live?
Pros: Median household income 6% higher than the Indiana median; home values 32% lower than the state median; an average commute of 24 minutes; unemployment of 1.9%; a poverty rate of 8.9%.
The weather is best in May–June and August–September.
Cost of living in Hope
Housing is the biggest part of the cost of living. In Hope the median home value is $148,600, 55% lower than the U.S. median. Renters pay a median of $1,156 per month, which is 16.1% of household income. Homeowners with a mortgage pay $1,193 a month in housing costs.
Hope median household income
The median household income in Hope is $76,188 and the income per person is $29,108. 8.9% of residents live below the poverty line (Indiana: 12.3%).
Housing in Hope: homes for sale and rent
- Housing units
- 773
- Owner-occupied
- 79.5%
- Renter-occupied
- 20.5%
- Vacant
- 9.8%Includes seasonal homes
- Median year built
- 1964
- Average household size
- 2.91
Hope demographics
- Population
- 2,029
- Median age
- 31.2
- Under 18
- 24.2%
- 65 and older
- 11.1%
- Households
- 697
- Foreign-born
- 1.3%
- Veterans
- 7.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Hope ›
Education in Hope
9.5% of adults 25 and older in Hope have a bachelor's degree or higher (Indiana: 29.5%), and 0.7% have a graduate or professional degree.
Jobs and commute in Hope
- Unemployment rate
- 1.9%State: 4.3%
- Average commute
- 24 minState: 24 min
- Work from home
- 10.2%
- Drive alone
- 82.6%
- Public transit
- 0%
- Walk to work
- 1.5%
- Homes with broadband
- 94.3%
Hope vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hope | 2,029 | $76,188 | $148,600 | $1,156 |
| Schaefer Lake | 229 | $130,721 | $257,800 | — |
| Hartsville | 277 | $64,375 | $147,300 | $972 |
| Newbern | 210 | $165,486 | $287,500 | — |
| Flat Rock | 121 | $59,000 | $135,300 | — |
| Clifford | 165 | $58,750 | $125,900 | $776 |
| Petersville | 134 | $75,208 | $155,400 | — |
| Geneva | 265 | $85,188 | $175,900 | — |
| Columbus | 51,824 | $77,456 | $244,200 | $1,157 |
More for people moving to Hope
Hope ZIP code ›Weather and climate ›Living in Hope: FAQ
What is the median household income in Hope, IN?
The median household income in Hope is $76,188, 6% higher than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Hope?
The median home value in Hope is $148,600, compared with $218,200 in Indiana.
How much is rent in Hope?
The median gross rent in Hope is $1,156 per month, about 16.1% of household income.
Is Hope, IN a good place to live?
Pluses: median household income 6% higher than the Indiana median; home values 32% lower than the state median; an average commute of 24 minutes; unemployment of 1.9%; a poverty rate of 8.9%.
What is the median age in Hope?
The median age in Hope is 31.2 years (Indiana: 38.1).
How long is the commute in Hope?
The average commute to work in Hope is 24 minutes; 10.2% of workers work from home.
What is the unemployment rate in Hope?
The unemployment rate in Hope is 1.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hope?
9.5% of adults in Hope have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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