Lenox, TN vs New Hope, TN

There is a significant gap in the cost of living between these two cities. New Hope is 15% cheaper than Lenox. With a cost index of 85 vs 97, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New Hope to Lenox should plan for substantially higher expenses across most categories.

Median household income in Lenox is $76,164 compared to $62,396 in New Hope (+22.1%). While Lenox is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.