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=== 2020 Census === As of the [[census]] of 2020, there were 987 people, 403 households, and 213 families residing in the town (59 households with children under 18). The median age of the town was 48.1 years (49.4% male and 50.6% female). 68.1% of the population is over the age of 18. The median income for a household in New Hope, TN was $46,607, and the median income for a family was $56,736 (for married couples it was $61,875). Homeownership in New Hope, TN was 90.5% over a wide spectrum of housing values, with 76.4% representing homes of 2-3 bedrooms. 52.1% reported as employed, the largest group in construction (18.1%). Of those employed, 66% work locally. 23.5% of the population were at or below the [[poverty line]]. 17.6% of the people in New Hope were reported as disabled. Ethnic makeup of New Hope, TN in 2020 was 0.2% American Indian, 0.7% Asian, 0.2% Black or African American, 0.2% Hispanic, 6.0 Mixed Race(s), and 92.8% White.<ref>{{Cite web |title=Explore Census Data |url=https://data.census.gov/profile?g=160XX00US4752780 |access-date=April 6, 2023 |website=data.census.gov}}</ref>
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