Median Income
$76,149
household / year
Median Home Value
$196,500
owner-occupied
Median Rent
$786
gross / month
Cost of Living
92
national avg = 100

Is New Hope, MS a Good Place to Live?

New Hope is a small town of 2,983 in Mississippi, with a median household income of $76,149 and a 1.1% unemployment rate. Its cost of living index is 92 (US average = 100), which is 8% below the national average.

Strengths: New Hope stands out for an affordable cost of living, below-average home prices, short average commutes.

Trade-offs: No major red flags stand out in the available data. Whether New Hope is right for you depends on your priorities — the full breakdown is below.

All New Hope city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 92.2

New Hope's overall cost of living index is 92.2, where 100 represents the US national average. Living in New Hope costs roughly 8% less than the average American city.

Metric New Hope, MS National Avg
Median Home Value $196,500 $244,900
Median Monthly Rent $786 $1,163
Homeownership Rate 85.2% 65.9%
Median Household Income $76,149 $74,755

Crime & Safety

Very Safe

New Hope's violent crime rate is 129.7 per 100,000 residents — 66% lower than the national average of ~380 per 100,000.

Violent Crime
129.7 /100k
Property Crime
636.6 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Metric New Hope, MS National Avg
School District N/A —
Elementary Schools N/A —
Middle Schools N/A —
High Schools N/A —
Student/Teacher Ratio N/A 16:1
Bachelor's Degree or Higher 32.5% 35.4%
High School Diploma or Higher 91.6% 91.1%

Weather & Climate

New Hope sees average highs of 55.8°F in January and 93.8°F in July, with 57.9 inches of annual precipitation and 0.4 inches of snow per year.

MetricNew Hope, MS
Average High — January55.8°F
Average High — July93.8°F
Annual Precipitation57.9"
Annual Snowfall0.4"

Demographics

MetricNew Hope, MSNational Avg
Population2,983—
Median Age37.638.9
Unemployment Rate1.1%3.7%
Avg Commute Time24.2 min26 min
White (non-Hispanic)70.9%59.3%
Black or African American28.8%13.6%
Hispanic or Latino0.0%18.9%
Asian0.0%6.3%
Under 1826.0%22.2%
65 and over13.8%16.8%

Nearby Cities

New Hope vs Other Cities

Frequently Asked Questions

New Hope's cost of living index is 92, where 100 is the national average. That makes New Hope roughly 8% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $196,500 and median rent is $786/month.
New Hope's violent crime rate is 129.7 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 636.6 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
School district information is sourced from NCES Common Core of Data.
New Hope, MS has a population of 2,983, a median household income of $76,149, and an unemployment rate of 1.1%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
New Hope averages 55.8°F in January and 93.8°F in July. Annual rainfall is 57.9 inches with about 0.4 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
The population of New Hope, Mississippi is 2,983 with a median age of 37.6. Source: US Census ACS 5-Year Estimates.
Key numbers for living in New Hope: cost of living index 92 (100 = US average), median home $196,500, median household income $76,149, crime index 33 (100 = US average, lower is safer). Whether these are benefits or drawbacks depends on where you're coming from — compare New Hope side by side with your current city to see the trade-offs.