Cost of Living: Hope, AR vs Charleston, IL

Housing

The housing market plays a significant role in determining the cost of living.

Metric Hope Charleston
Housing Index 70.5 85.0
Median Home Price $150,000 $165,000
Average Rent (2 BR Apartment) $800 $1200
Average Rent (2 BR House) $816 $1280

Housing Comparison: Hope vs Charleston

  • The median home price in Charleston is higher at $165,000, compared to $150,000 in Hope.
  • Renting a two-bedroom apartment costs more in Hope at $800 than in Charleston 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 Charleston
Electricity Price $12.36 $16.15
Natural Gas Price $17.08 $16.59
Other Utilities $200 $200

Utilities Comparison: Hope vs Charleston

  • Charleston has higher electricity costs at $16.15 per kWh, versus $12.36 in Hope.
  • Natural gas is more expensive in Hope at $17.08 per unit, while it is cheaper at $16.59 in Charleston.
  • Utility expenses are equal in both Hope and Charleston averaging $200.