Cost of Living: Hope mills, NC vs Cochran, GA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hope mills | Cochran |
|---|---|---|
| Housing Index | 90.0 | 85.4 |
| Median Home Price | $279,000 | $166,000 |
| Average Rent (2 BR Apartment) | $1200 | $800 |
| Average Rent (2 BR House) | $1360 | $850 |
Housing Comparison: Hope mills vs Cochran
- In Hope mills, the median home price is higher at $279,000, while in Cochran it is $166,000.
- In Cochran, the rental for a two-bedroom apartment stands at $800, while it is $1,200 in Hope mills.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hope mills | Cochran |
|---|---|---|
| Electricity Price | $13.72 | $15.53 |
| Natural Gas Price | $Data is updating | $27.53 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Hope mills vs Cochran
- Cochran has higher electricity costs at $15.53 per kWh, versus $13.72 in Hope mills.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Hope mills at an average of $250, compared to Cochran with $200.