Cost of Living: Hope, AR vs Grand rapids, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hope | Grand rapids |
|---|---|---|
| Housing Index | 70.5 | 110.0 |
| Median Home Price | $150,000 | $230,000 |
| Average Rent (2 BR Apartment) | $800 | $1300 |
| Average Rent (2 BR House) | $816 | $1350 |
Housing Comparison: Hope vs Grand rapids
- The median home price in Grand rapids is higher at $230,000, compared to $150,000 in Hope.
- Renting a two-bedroom apartment costs more in Hope at $800 than in Grand rapids at $1,300.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hope | Grand rapids |
|---|---|---|
| Electricity Price | $12.36 | $19.88 |
| Natural Gas Price | $17.08 | $15.42 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Hope vs Grand rapids
- Grand rapids has higher electricity costs at $19.88 per kWh, versus $12.36 in Hope.
- Natural gas is more expensive in Hope at $17.08 per unit, while it is cheaper at $15.42 in Grand rapids.
- Grand rapids has higher utility expenses, averaging $250, while Hope averages $200.