What is the median household income in the Town of Hope, NY?
The median household income in the Town of Hope, NY is $72,188 (±$12,726) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,225 a month would take about $49,000 a year at the common guideline of spending no more than 30% of income on rent.
In the Town of Hope, the median household income went from $44,063 in 2015–2019 to $72,188 in 2020–2024 (+63.8%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median household income
- $72,188 (±$12,726)
- Median renter income
- $45,625 (±$42,722)
- Income to afford median rent
- about $49,000
Income in the Town of Hope against Hamilton County, its state and the nation
| Town of Hope | Hamilton County | New York | United States | |
|---|---|---|---|---|
| Median household income | $72,188 (±$12,726) | $68,835 (±$5,478) | $85,974 (±$402) | $80,734 |
| Median renter household income | $45,625 (±$42,722) | $40,577 (±$9,715) | $57,803 (±$395) | $52,966 |
| Median owner household income | $75,417 (±$13,955) | $77,138 (±$5,868) | $114,563 (±$568) | $100,009 |
| Median gross rent | $1,225 (±$217) | $912 (±$66) | $1,621 (±$7) | $1,413 |
In the Town of Hope, median household income is not measurably different from Hamilton County ($68,835).
It is also lower than in New York ($85,974).
It is not measurably different from the national figure ($80,734).
In Hamilton County, the Town of Hope ranks 4 of 9 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 581 of 999.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in the Town of Hope
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $1,225 a month ($14,700 a year) needs an income of about $49,000 a year.
The median renting household in the Town of Hope earns $45,625 a year, less than that.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $44,063 (±$10,350) | $72,188 (±$12,726) | +63.8% | Up after inflation |
| Median gross rent | $942 (±$37) | $1,225 (±$217) | +30.0% | No measurable change after inflation |
| Median home value | $110,700 (±$32,181) | $211,300 (±$105,855) | +90.9% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near the Town of Hope
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Town of Hope | — | $72,188 (±$12,726) | — |
| Town of Benson | 7.0 mi | $69,375 (±$13,026) | Not measurably different |
| Village of Northville | 8.1 mi | $78,235 (±$12,829) | Not measurably different |
| Town of Day | 10 mi | $57,727 (±$15,683) | Not measurably different |
| Town of Edinburg | 11 mi | $70,481 (±$9,664) | Not measurably different |
| Town of Wells | 11 mi | $74,286 (±$31,007) | Not measurably different |
| Town of Northampton | 12 mi | $72,065 (±$12,901) | Not measurably different |
| Town of Stony Creek | 12 mi | $63,565 (±$5,908) | Not measurably different |
| Town of Bleecker | 13 mi | $74,732 (±$21,458) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Hamilton County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Town of Inlet | $107,750 (±$27,973) |
| 2 | Town of Morehouse | $82,000 (±$35,246) |
| 3 | Town of Wells | $74,286 (±$31,007) |
| 4 | Town of Hope | $72,188 (±$12,726) |
| 5 | Town of Long Lake | $71,731 (±$6,569) |
| 6 | Town of Benson | $69,375 (±$13,026) |
| 7 | Town of Lake Pleasant | $64,091 (±$10,462) |
| 8 | Town of Indian Lake | $62,824 (±$16,666) |
| 9 | Town of Arietta | $60,000 (±$17,995) |
A New York town includes the villages and hamlets inside it, so the figures for the Town of Hope include them.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Town of Hope
What is the median household income in the Town of Hope?
The median household income in the Town of Hope is $72,188 (±$12,726) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in the Town of Hope?
About $49,000 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,225 a month.
Have incomes in the Town of Hope kept up with inflation?
In the Town of Hope, the median household income went from $44,063 in 2015–2019 to $72,188 in 2020–2024 (+63.8%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
What do renters earn in the Town of Hope?
The median renting household in the Town of Hope, NY earns $45,625 (±$42,722) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Hope town, Hamilton County, New York
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Hope town, Hamilton County, New York
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Hope town, Hamilton County, New York
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Hope town, Hamilton County, New York
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Hope town, Hamilton County, New York
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Hope town, Hamilton County, New York
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Hope town, Hamilton County, New York (county subdivision:35496, in state:36 county:041).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in the Town of Hope at a glance
- Homeowner costs in the Town of Hope
- Property taxes in the Town of Hope
- Types of homes in the Town of Hope
- Bedrooms in the Town of Hope
- Age of homes in the Town of Hope
- Heating fuel in the Town of Hope
- Commute and cars in the Town of Hope
- How long people stay in the Town of Hope
- New York landlord and tenant rules
- Housing across Hamilton County
- New York places ranked by median household income
- Housing data for every place in New York