Cost of Living: Hope, AR vs Brainerd, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hope | Brainerd |
|---|---|---|
| Housing Index | 70.5 | 85.0 |
| Median Home Price | $150,000 | $270,000 |
| Average Rent (2 BR Apartment) | $800 | $1150 |
| Average Rent (2 BR House) | $816 | $1200 |
Housing Comparison: Hope vs Brainerd
- The median home price in Brainerd is higher at $270,000, compared to $150,000 in Hope.
- Renting a two-bedroom apartment costs more in Hope at $800 than in Brainerd at $1,150.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hope | Brainerd |
|---|---|---|
| Electricity Price | $12.36 | $16.38 |
| Natural Gas Price | $17.08 | $14.87 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Hope vs Brainerd
- Brainerd has higher electricity costs at $16.38 per kWh, versus $12.36 in Hope.
- Natural gas is more expensive in Hope at $17.08 per unit, while it is cheaper at $14.87 in Brainerd.
- Utility expenses are equal in both Hope and Brainerd averaging $200.