Cost of Living: Lakehead, CA vs Hope, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lakehead | Hope |
|---|---|---|
| Housing Index | 100.0 | 70.5 |
| Median Home Price | $350,000 | $150,000 |
| Average Rent (2 BR Apartment) | $1600 | $800 |
| Average Rent (2 BR House) | $1640 | $816 |
Housing Comparison: Lakehead vs Hope
- In Lakehead, the median home price is higher at $350,000, while in Hope it is $150,000.
- In Hope, the rental for a two-bedroom apartment stands at $800, while it is $1,600 in Lakehead.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lakehead | Hope |
|---|---|---|
| Electricity Price | $32.99 | $12.36 |
| Natural Gas Price | $16.99 | $17.08 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Lakehead vs Hope
- Electricity costs are higher in Lakehead at $32.99 per kWh, compared to $12.36 in Hope.
- Hope experiences higher natural gas costs at $17.08 per unit, with costs at $16.99 in Lakehead.
- Other utility costs are higher in Lakehead at an average of $250, compared to Hope with $200.