New Hope, MS vs St. Martin, MS

New Hope, MS and St. Martin, MS have a very similar cost of living, with only a 3.1% difference in their overall index. New Hope scores 79 while St. Martin scores 77 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 New Hope is $963/month compared to $1,040/month in St. Martin — a 7% difference. Interestingly, home values tell a different story: while New Hope has cheaper rent, St. Martin actually has lower median home values ($171,300 vs $223,900).

Median household income in New Hope is $79,250 compared to $53,488 in St. Martin (+48.2%). 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 New Hope spend roughly 14.6% of their income on rent, less than the 23.3% in St. Martin.

Climate-wise, St. Martin is notably warmer with an average of 68.3°F compared to 64°F in New Hope. St. Martin receives more rainfall at 62.8" per year compared to 60" in New Hope.