Goodman, MS vs New Hope, MS

The cost of living difference between Goodman, MS and New Hope, MS is dramatic. Goodman is 42.1% cheaper than New Hope, a gap that translates to thousands of dollars per year in household expenses. Goodman has a cost index of 46 while New Hope sits at 79, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Goodman is $372/month compared to $963/month in New Hope — a 61% difference. Home values follow the same pattern: Goodman is more affordable at $37,200 median vs $223,900.

Median household income in Goodman is $14,722 compared to $79,250 in New Hope (-81.4%). While New Hope is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Goodman spend roughly 30.3% of their income on rent, more than the 14.6% in New Hope. The New Hope ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.

Climate-wise, both cities share similar average temperatures (64°F vs 64°F). New Hope receives more rainfall at 60" per year compared to 51.8" in Goodman.