Cost of Living: Akron, OH vs Hope, AR

Housing

The housing market plays a significant role in determining the cost of living.

Metric Akron Hope
Housing Index 90.0 70.5
Median Home Price $147,000 $150,000
Average Rent (2 BR Apartment) $1050 $800
Average Rent (2 BR House) $1100 $816

Housing Comparison: Akron vs Hope

  • The median home price in Hope is higher at $150,000, compared to $147,000 in Akron.
  • In Hope, the rental for a two-bedroom apartment stands at $800, while it is $1,050 in Akron.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.

Metric Akron Hope
Electricity Price $15.92 $12.36
Natural Gas Price $Data is updating $17.08
Other Utilities $250 $200

Utilities Comparison: Akron vs Hope

  • Electricity costs are higher in Akron at $15.92 per kWh, compared to $12.36 in Hope.
  • Natural gas price data is currently unavailable.
  • Other utility costs are higher in Akron at an average of $250, compared to Hope with $200.