Cost of Living: Waverly, TN vs Hope mills, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Waverly | Hope mills |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $200,000 | $279,000 |
| Average Rent (2 BR Apartment) | $1000 | $1200 |
| Average Rent (2 BR House) | $1025 | $1360 |
Housing Comparison: Waverly vs Hope mills
- The median home price in Hope mills is higher at $279,000, compared to $200,000 in Waverly.
- In Hope mills, the rental for a two-bedroom apartment stands at $1,200, while it is $1,000 in Waverly.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Waverly | Hope mills |
|---|---|---|
| Electricity Price | $12.57 | $13.72 |
| Natural Gas Price | $12.35 | $Data is updating |
| Other Utilities | $200 | $250 |
Utilities Comparison: Waverly vs Hope mills
- Hope mills has higher electricity costs at $13.72 per kWh, versus $12.57 in Waverly.
- Natural gas price data is currently unavailable.
- Hope mills has higher utility expenses, averaging $250, while Waverly averages $200.