Cost of Living: Hope, AR vs Tullahoma, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hope | Tullahoma |
|---|---|---|
| Housing Index | 70.5 | 90.0 |
| Median Home Price | $150,000 | $250,000 |
| Average Rent (2 BR Apartment) | $800 | $900 |
| Average Rent (2 BR House) | $816 | $960 |
Housing Comparison: Hope vs Tullahoma
- The median home price in Tullahoma is higher at $250,000, compared to $150,000 in Hope.
- In Tullahoma, the rental for a two-bedroom apartment stands at $900, while it is $800 in Hope.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hope | Tullahoma |
|---|---|---|
| Electricity Price | $12.36 | $12.57 |
| Natural Gas Price | $17.08 | $12.35 |
| Other Utilities | $200 | $210 |
Utilities Comparison: Hope vs Tullahoma
- Tullahoma has higher electricity costs at $12.57 per kWh, versus $12.36 in Hope.
- Natural gas is more expensive in Hope at $17.08 per unit, while it is cheaper at $12.35 in Tullahoma.
- Tullahoma has higher utility expenses, averaging $210, while Hope averages $200.