Caledonia, MS vs New Hope, MS

Caledonia, MS and New Hope, MS have a very similar cost of living, with only a 3.4% difference in their overall index. Caledonia scores 76 while New Hope scores 79 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Caledonia is $1,008/month compared to $963/month in New Hope — a 5% difference. Interestingly, home values tell a different story: while New Hope has cheaper rent, Caledonia actually has lower median home values ($175,000 vs $223,900).

Median household income in Caledonia is $81,741 compared to $79,250 in New Hope (+3.1%). Caledonia offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Caledonia spend roughly 14.8% of their income on rent, more than the 14.6% in New Hope.

Climate-wise, both cities share similar average temperatures (63.6°F vs 64°F). New Hope receives more rainfall at 60" per year compared to 57.7" in Caledonia.