Cost of Living in Hope, ID
Housing
The housing market plays a significant role in determining the cost of living in Hope, ID.
- Housing Index: Data is updating
- Median Home Price is: $487,500
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering the data provided for Hope, ID, it's notable that the housing index is at 0.0, which may indicate fluctuating market conditions or an incomplete dataset. The median home price stands at 487500, suggesting that buying a home could be relatively expensive. However, without average rent figures for a 2-bedroom apartment and house, it’s challenging to fully assess affordability in relation to renting versus buying. Researching local economic conditions and employment opportunities is key to understanding the overall housing market dynamics in Hope.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hope, ID.
- Electricity Price: $12.28 USD (median by state)
- Natural Gas Price: $9.87 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Hope, ID could entail higher utility costs. Electricity costs sit at $12.28, while natural gas is priced at $9.87 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Hope is a financially viable option for your relocation.