New Hope, MS
Discover how far your salary goes in New Hope. Compare taxes, rent, and living costs.
3,161
5.0%
$774
/month
-45%
below avg
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Rent Prices in New Hope
Studio
$619
/month
$7,428/year
1 Bedroom
$774
/month
$9,288/year
2 Bedroom
$1,045
/month
$12,540/year
3 Bedroom
$1,354
/month
$16,248/year
Taxes in Mississippi
State Income Tax
Mississippi
For a $100k salary, that's ~$5,000/year in state taxes.
Federal Income Tax
Same nationwide
Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.
Learn how tax brackets workFrequently Asked Questions
What is the cost of living in New Hope, MS?▼
New Hope has a cost of living index of 72, which is 28% below the national average. A 1-bedroom apartment costs around $774/month.
What is the state income tax in Mississippi?▼
Mississippi has a state income tax rate of approximately 5.0%. This is in addition to federal income tax.
How much is rent in New Hope?▼
The median rent for a 1-bedroom apartment in New Hope is $774/month. For a 2-bedroom, expect to pay around $1,045/month. This is 45% below the national average.
Is New Hope a good place to live?▼
New Hope is a small town with a population of 3,161. The cost of living is very affordable, making it more affordable than average for the US.
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