Cost of Living: Lawrence, MA vs Hope, AR

Housing

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

Metric Lawrence Hope
Housing Index Data is updating 70.5
Median Home Price $375,000 $150,000
Average Rent (2 BR Apartment) $Data is updating $800
Average Rent (2 BR House) $Data is updating $816

Housing Comparison: Lawrence vs Hope

  • In Lawrence, the median home price is higher at $375,000, while in Hope it is $150,000.
  • The rent for a two-bedroom apartment is equal in both Lawrence and Hope at $0.0.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.

Metric Lawrence Hope
Electricity Price $28.15 $12.36
Natural Gas Price $21.62 $17.08
Other Utilities $Data is updating $200

Utilities Comparison: Lawrence vs Hope

  • Electricity costs are higher in Lawrence at $28.15 per kWh, compared to $12.36 in Hope.
  • Natural gas is more expensive in Lawrence at $21.62 per unit, while it is cheaper at $17.08 in Hope.
  • Utility expenses are equal in both Lawrence and Hope averaging $0.0.