Cost of Living: Oberlin, OH vs Hope, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Oberlin | Hope |
|---|---|---|
| Housing Index | 85.0 | 70.5 |
| Median Home Price | $183,000 | $150,000 |
| Average Rent (2 BR Apartment) | $1200 | $800 |
| Average Rent (2 BR House) | $1350 | $816 |
Housing Comparison: Oberlin vs Hope
- In Oberlin, the median home price is higher at $183,000, while in Hope it is $150,000.
- In Hope, the rental for a two-bedroom apartment stands at $800, while it is $1,200 in Oberlin.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Oberlin | Hope |
|---|---|---|
| Electricity Price | $15.92 | $12.36 |
| Natural Gas Price | $Data is updating | $17.08 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Oberlin vs Hope
- Electricity costs are higher in Oberlin at $15.92 per kWh, compared to $12.36 in Hope.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Oberlin at an average of $250, compared to Hope with $200.