Cost of Living: Hope, AR vs Liberty, MO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hope | Liberty |
|---|---|---|
| Housing Index | 70.5 | 90.0 |
| Median Home Price | $150,000 | $335,000 |
| Average Rent (2 BR Apartment) | $800 | $1200 |
| Average Rent (2 BR House) | $816 | $1300 |
Housing Comparison: Hope vs Liberty
- The median home price in Liberty is higher at $335,000, compared to $150,000 in Hope.
- Renting a two-bedroom apartment costs more in Hope at $800 than in Liberty 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 | Liberty |
|---|---|---|
| Electricity Price | $12.36 | $14.64 |
| Natural Gas Price | $17.08 | $23.25 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Hope vs Liberty
- Liberty has higher electricity costs at $14.64 per kWh, versus $12.36 in Hope.
- Liberty experiences higher natural gas costs at $23.25 per unit, with costs at $17.08 in Hope.
- Utility expenses are equal in both Hope and Liberty averaging $200.