Cost of Living: Edmore, MI vs Hope, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Edmore | Hope |
|---|---|---|
| Housing Index | Data is updating | 70.5 |
| Median Home Price | $128,000 | $150,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $800 |
| Average Rent (2 BR House) | $Data is updating | $816 |
Housing Comparison: Edmore vs Hope
- The median home price in Hope is higher at $150,000, compared to $128,000 in Edmore.
- The rent for a two-bedroom apartment is equal in both Edmore and Hope at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Edmore | Hope |
|---|---|---|
| Electricity Price | $19.88 | $12.36 |
| Natural Gas Price | $15.42 | $17.08 |
| Other Utilities | $Data is updating | $200 |
Utilities Comparison: Edmore vs Hope
- Electricity costs are higher in Edmore at $19.88 per kWh, compared to $12.36 in Hope.
- Hope experiences higher natural gas costs at $17.08 per unit, with costs at $15.42 in Edmore.
- Utility expenses are equal in both Edmore and Hope averaging $0.0.