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Baldwyn, MS vs New Albany, MS

54
Baldwyn
Mississippi
VS
-26.1%
73
New Albany
Mississippi

There is a significant gap in the cost of living between these two cities. Baldwyn is 26.1% cheaper than New Albany. With a cost index of 54 vs 73, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Baldwyn to New Albany should plan for substantially higher expenses across most categories.

On the housing front, median rent in Baldwyn is $481/month compared to $956/month in New Albany — a 50% difference. Home values follow the same pattern: Baldwyn is more affordable at $94,000 median vs $150,000.

Median household income in Baldwyn is $43,333 compared to $46,276 in New Albany (-6.4%). New Albany does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Baldwyn spend roughly 13.3% of their income on rent, less than the 24.8% in New Albany.

Climate-wise, both cities share similar average temperatures (63.6°F vs 63.6°F). New Albany receives more rainfall at 57.7" per year compared to 57.7" in Baldwyn.

Income & Cost

Cost of Living Index
Baldwyn
54
26% cheaper
New Albany
73
Median Household Income
Baldwyn
$43,333
New Albany
$46,276
6% higher

Housing

Median Rent
Baldwyn
$481
50% cheaper
New Albany
$956
Median Home Value
Baldwyn
$94,000
37% cheaper
New Albany
$150,000
Population
Baldwyn
3,005
New Albany
7,661

Salary Equivalency Calculator

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Climate

NOAA 30-year normals (1991-2020)

Avg Temp
Baldwyn 63.6°F
New Albany 63.6°F
Summer High
Baldwyn 92°F
New Albany 92°F
Winter Low
Baldwyn 34°F
New Albany 34°F
Rainfall
Baldwyn 57.7"
New Albany 57.7"
Rainy Days
Baldwyn 115d
New Albany 115d