Baldwyn, MS vs New Albany, MS
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.
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Housing
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Climate
NOAA 30-year normals (1991-2020)