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.