New Hope, VA vs Selma, VA

There is a significant gap in the cost of living between these two cities. Selma is 23.1% cheaper than New Hope. With a cost index of 80 vs 98, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Selma to New Hope should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in New Hope are $314,400 compared to $96,900 in Selma, a 225% gap.

Median household income in New Hope is $87,083 compared to $58,603 in Selma (+48.6%). While New Hope is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.