Housing costs in New Hope?
A typical home costs
$171,200, which is 49.4% less expensive than the national average of
$338,100 and 10.2% more expensive than the average Mississippi home, at
$155,300. Renting a two-bedroom unit in New Hope costs
$770 per month, which is 46.2% cheaper than the national average of
$1,430 and 15.6% cheaper than the state average of
$890.
Can I afford New Hope?
To live comfortably in New Hope, Mississippi, a minimum annual income of
$32,760 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about New Hope?
The cost of living in New Hope, MS is relatively low compared to other parts of the country. The housing market in particular is very affordable, with the median home price coming in at just over $75,000. Taxes are also low, allowing residents to keep more of their income for other expenses. Additionally, food and other basic necessities tend to be cheaper than the national average. This makes New Hope an attractive choice for those looking for an affordable place to live.