Cost of Living in New Hope, MS
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
110.6
100 = national avg
+10.6 vs national average
Living Wage (1 Adult)
$48,655
per year
Living Wage (Family of 4)
$115,004
per year
Cost Index by Category
Housing103.2
Food110.6
Transportation121.1
Healthcare108.5
Utilities107.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$743
per month
2 Bedroom
$872
per month
The overall cost of living index in New Hope is 110.6, which is 10.6% above the national average. Housing costs are above the national average at an index of 103.2. A single adult needs to earn approximately $48,655 per year to cover basic expenses.