Cost Of Living in New Hope, MS

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A+

6%

Overall NAT. AVG.

2%

Groceries NAT. AVG.

13%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	New Hope	Mississippi	National
Cost of living	94	86	100
Groceries	98	97	100
Health care	94	95	100
Housing	87	63	100
Transportation	97	94	100
Utilities	97	98	100
Lifestyle & Entertainment	103	94	100
Household Items	96	96	100
Education & Childcare	99	94	100

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Homes For Sale In New Hope, MS

277 Jones Dr

Columbus, MS

4050 New Hope Rd

Columbus, MS

Cost Of Living Quick Facts

The cost of living in New Hope is 10% higher than the Mississippi average
The cost of living in New Hope is 6% lower than the national average
New Hope housing is 13% lower than the national average
Mississippi general sales tax is 37% higher than the national average
Mississippi state income tax is 93% higher than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$89,890	$7,491	$2,097	$2,697
Renters	$0	$0	$0	$0

Mississippi Sales Tax

State	General Sales Tax	With Max Surtax
Mississippi	7%	7.25%

Mississippi Income Tax

State	Income Tax (Low)	Income Tax (High)
Mississippi	5%	5%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Macedonia, AL	207	97	2.5%
Carrollton, AL	1,202	86	13.5%
Columbus, MS	24,360	89	11.0%
Ethelsville, AL	176	96	4.4%
Columbus AFB, MS	1,745	107	7.4%
New Hope, MS	3,914	94	5.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Rochester, IL	3,914	103	3.3%
Lancaster, KY	3,914	84	15.6%
Clyde, TX	3,915	89	11.2%
Carrollton, KY	3,911	87	13.2%
Ridgway, PA	3,917	83	17.2%
New Hope, MS	3,914	94	5.6%