Cost of Living: Hope, AR vs South bend, IN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hope | South bend |
|---|---|---|
| Housing Index | 70.5 | 80.0 |
| Median Home Price | $150,000 | $181,000 |
| Average Rent (2 BR Apartment) | $800 | $950 |
| Average Rent (2 BR House) | $816 | $1000 |
Housing Comparison: Hope vs South bend
- The median home price in South bend is higher at $181,000, compared to $150,000 in Hope.
- In South bend, the rental for a two-bedroom apartment stands at $950, while it is $800 in Hope.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hope | South bend |
|---|---|---|
| Electricity Price | $12.36 | $14.89 |
| Natural Gas Price | $17.08 | $Data is updating |
| Other Utilities | $200 | $200 |
Utilities Comparison: Hope vs South bend
- South bend has higher electricity costs at $14.89 per kWh, versus $12.36 in Hope.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Hope and South bend averaging $200.