Living in Hopewell, Tennessee
Cost of living, income, home prices, rent and demographics of Hopewell · Census data 2020–2024
Hopewell has 2,634 residents with a median age of 39.2. The median household income is $87,842 (26% higher than the Tennessee median), the median home value is $305,600, the median rent is $1,296/month.
Hopewell at a glance
- Population
- 2,634
- Median age
- 39.2State: 38.9
- Median household income
- $87,842State: $69,595
- Median home value
- $305,600State: $286,700
- Median rent
- $1,296/moState: $1,189
- Homeowners
- 81.7%
- Bachelor's degree or higher
- 24.3%
- Average commute
- 22 min
Is Hopewell a good place to live?
Pros: Median household income 26% higher than the Tennessee median; an average commute of 22 minutes; unemployment of 3.3%.
Cons: Home values 7% higher than the state median; a poverty rate of 18.7%.
The weather is best in April–May and September–October.
Cost of living in Hopewell
Housing is the biggest part of the cost of living. In Hopewell the median home value is $305,600, 8% lower than the U.S. median. Renters pay a median of $1,296 per month, which is 18.4% of household income. Homeowners with a mortgage pay $1,333 a month in housing costs.
Hopewell median household income
The median household income in Hopewell is $87,842 and the income per person is $31,098. 18.7% of residents live below the poverty line (Tennessee: 13.8%).
Housing in Hopewell: homes for sale and rent
- Housing units
- 978
- Owner-occupied
- 81.7%
- Renter-occupied
- 18.3%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1985
- Average household size
- 2.68
Hopewell demographics
- Population
- 2,634
- Median age
- 39.2
- Under 18
- 26.8%
- 65 and older
- 16.6%
- Households
- 978
- Foreign-born
- 3.6%
- Veterans
- 6.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Hopewell ›
Education in Hopewell
24.3% of adults 25 and older in Hopewell have a bachelor's degree or higher (Tennessee: 31.1%), and 9.4% have a graduate or professional degree.
Jobs and commute in Hopewell
- Unemployment rate
- 3.3%State: 4.7%
- Average commute
- 22 minState: 26 min
- Work from home
- 12.4%
- Drive alone
- 72.6%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 98.5%
Hopewell vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hopewell | 2,634 | $87,842 | $305,600 | $1,296 |
| Cleveland | 48,829 | $58,559 | $272,200 | $1,034 |
| East Cleveland | 1,934 | $48,878 | $124,100 | $911 |
| South Cleveland | 7,452 | $66,601 | $232,600 | $845 |
| Charleston | 956 | $72,763 | $217,400 | $881 |
| McDonald | 712 | $95,698 | $214,100 | — |
| Calhoun | 546 | $49,028 | $179,700 | $690 |
| Wildwood Lake | 3,495 | $62,722 | $231,700 | $972 |
| Lakesite | 2,168 | $96,250 | $332,200 | $863 |
More for people moving to Hopewell
Hopewell ZIP code ›Weather and climate ›Living in Hopewell: FAQ
What is the median household income in Hopewell, TN?
The median household income in Hopewell is $87,842, 26% higher than the Tennessee median of $69,595 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Hopewell?
The median home value in Hopewell is $305,600, compared with $286,700 in Tennessee.
How much is rent in Hopewell?
The median gross rent in Hopewell is $1,296 per month, about 18.4% of household income.
Is Hopewell, TN a good place to live?
Pluses: median household income 26% higher than the Tennessee median; an average commute of 22 minutes; unemployment of 3.3%. Minuses: home values 7% higher than the state median; a poverty rate of 18.7%.
What is the median age in Hopewell?
The median age in Hopewell is 39.2 years (Tennessee: 38.9).
How long is the commute in Hopewell?
The average commute to work in Hopewell is 22 minutes; 12.4% of workers work from home.
What is the unemployment rate in Hopewell?
The unemployment rate in Hopewell is 3.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hopewell?
24.3% of adults in Hopewell 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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