Cost of Living: Fort smith, AR vs Hoffman estates, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Fort smith | Hoffman estates |
|---|---|---|
| Housing Index | 85.0 | 110.5 |
| Median Home Price | $200,000 | $390,000 |
| Average Rent (2 BR Apartment) | $1000 | $1800 |
| Average Rent (2 BR House) | $1200 | $1900 |
Housing Comparison: Fort smith vs Hoffman estates
- The median home price in Hoffman estates is higher at $390,000, compared to $200,000 in Fort smith.
- In Hoffman estates, the rental for a two-bedroom apartment stands at $1,800, while it is $1,000 in Fort smith.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Fort smith | Hoffman estates |
|---|---|---|
| Electricity Price | $12.36 | $16.15 |
| Natural Gas Price | $17.08 | $16.59 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Fort smith vs Hoffman estates
- Hoffman estates has higher electricity costs at $16.15 per kWh, versus $12.36 in Fort smith.
- Natural gas is more expensive in Fort smith at $17.08 per unit, while it is cheaper at $16.59 in Hoffman estates.
- Hoffman estates has higher utility expenses, averaging $250, while Fort smith averages $200.