Cost of Living: Cornelius, NC vs Hope, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Cornelius | Hope |
|---|---|---|
| Housing Index | 110.0 | 70.5 |
| Median Home Price | $377,500 | $150,000 |
| Average Rent (2 BR Apartment) | $1800 | $800 |
| Average Rent (2 BR House) | $1840 | $816 |
Housing Comparison: Cornelius vs Hope
- In Cornelius, the median home price is higher at $377,500, while in Hope it is $150,000.
- In Hope, the rental for a two-bedroom apartment stands at $800, while it is $1,800 in Cornelius.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Cornelius | Hope |
|---|---|---|
| Electricity Price | $13.72 | $12.36 |
| Natural Gas Price | $Data is updating | $17.08 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Cornelius vs Hope
- Electricity costs are higher in Cornelius at $13.72 per kWh, compared to $12.36 in Hope.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Cornelius at an average of $250, compared to Hope with $200.