Hopewell is a city in Virginia state in USA with a population of 22500 residents.. The poverty rate of Hopewell is 24.7%, which is 76% higher than national average. The typical household in Hopewell earns $43262 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 12 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 56.2% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Hopewell, only 85% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Hopewell remained 8.4%, which is 79% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Hopewell, only 13% of adults have a bachelor's degree and 35% have some college but no degree.

Cost of living in Hopewell is 93, which is 7% lower than national average. Median home value in Hopewell is $126100 , which is 45% lower than national average. While median income in Hopewell remained $43262, which is 36% lower than national average.