Cost of Living: Goshen, IN vs Hope, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Goshen | Hope |
|---|---|---|
| Housing Index | 85.0 | 70.5 |
| Median Home Price | $212,000 | $150,000 |
| Average Rent (2 BR Apartment) | $800 | $800 |
| Average Rent (2 BR House) | $840 | $816 |
Housing Comparison: Goshen vs Hope
- In Goshen, the median home price is higher at $212,000, while in Hope it is $150,000.
- The rent for a two-bedroom apartment is equal in both Goshen and Hope at $800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Goshen | Hope |
|---|---|---|
| Electricity Price | $14.89 | $12.36 |
| Natural Gas Price | $Data is updating | $17.08 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Goshen vs Hope
- Electricity costs are higher in Goshen at $14.89 per kWh, compared to $12.36 in Hope.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Goshen and Hope averaging $200.