Cost of Living: Hope mills, NC vs Norfolk, VA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hope mills | Norfolk |
|---|---|---|
| Housing Index | 90.0 | 110.0 |
| Median Home Price | $279,000 | $292,000 |
| Average Rent (2 BR Apartment) | $1200 | $1800 |
| Average Rent (2 BR House) | $1360 | $1840 |
Housing Comparison: Hope mills vs Norfolk
- The median home price in Norfolk is higher at $292,000, compared to $279,000 in Hope mills.
- In Norfolk, the rental for a two-bedroom apartment stands at $1,800, 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 | Norfolk |
|---|---|---|
| Electricity Price | $13.72 | $15.31 |
| Natural Gas Price | $Data is updating | $19.91 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Hope mills vs Norfolk
- Norfolk has higher electricity costs at $15.31 per kWh, versus $13.72 in Hope mills.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Hope mills and Norfolk averaging $250.