Cost of Living: Hope, AR vs Lafayette, CA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hope | Lafayette |
|---|---|---|
| Housing Index | 70.5 | 183.0 |
| Median Home Price | $150,000 | $1,148,000 |
| Average Rent (2 BR Apartment) | $800 | $3150 |
| Average Rent (2 BR House) | $816 | $3225 |
Housing Comparison: Hope vs Lafayette
- The median home price in Lafayette is higher at $1,148,000, compared to $150,000 in Hope.
- Renting a two-bedroom apartment costs more in Hope at $800 than in Lafayette at $3,150.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hope | Lafayette |
|---|---|---|
| Electricity Price | $12.36 | $32.99 |
| Natural Gas Price | $17.08 | $16.99 |
| Other Utilities | $200 | $350 |
Utilities Comparison: Hope vs Lafayette
- Lafayette has higher electricity costs at $32.99 per kWh, versus $12.36 in Hope.
- Natural gas is more expensive in Hope at $17.08 per unit, while it is cheaper at $16.99 in Lafayette.
- Lafayette has higher utility expenses, averaging $350, while Hope averages $200.