Cost of Living: Hope, AR vs Sterling, OK
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hope | Sterling |
|---|---|---|
| Housing Index | 70.5 | Data is updating |
| Median Home Price | $150,000 | $125,000 |
| Average Rent (2 BR Apartment) | $800 | $Data is updating |
| Average Rent (2 BR House) | $816 | $Data is updating |
Housing Comparison: Hope vs Sterling
- In Hope, the median home price is higher at $150,000, while in Sterling it is $125,000.
- The rent for a two-bedroom apartment is equal in both Hope and Sterling at $800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hope | Sterling |
|---|---|---|
| Electricity Price | $12.36 | $12.37 |
| Natural Gas Price | $17.08 | $20.27 |
| Other Utilities | $200 | $Data is updating |
Utilities Comparison: Hope vs Sterling
- Sterling has higher electricity costs at $12.37 per kWh, versus $12.36 in Hope.
- Sterling experiences higher natural gas costs at $20.27 per unit, with costs at $17.08 in Hope.
- Utility expenses are equal in both Hope and Sterling averaging $200.