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.