Cost of Living: Hope mills, NC vs Penelope, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hope mills | Penelope |
|---|---|---|
| Housing Index | 90.0 | Data is updating |
| Median Home Price | $279,000 | $180,000 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1360 | $Data is updating |
Housing Comparison: Hope mills vs Penelope
- In Hope mills, the median home price is higher at $279,000, while in Penelope it is $180,000.
- The rent for a two-bedroom apartment is equal in both Hope mills and Penelope at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hope mills | Penelope |
|---|---|---|
| Electricity Price | $13.72 | $14.47 |
| Natural Gas Price | $Data is updating | $26.29 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Hope mills vs Penelope
- Penelope has higher electricity costs at $14.47 per kWh, versus $13.72 in Hope mills.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Hope mills and Penelope averaging $250.