Cost of Living: Loves park, IL vs Hope, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Loves park | Hope |
|---|---|---|
| Housing Index | 80.0 | 70.5 |
| Median Home Price | $213,000 | $150,000 |
| Average Rent (2 BR Apartment) | $1200 | $800 |
| Average Rent (2 BR House) | $1600 | $816 |
Housing Comparison: Loves park vs Hope
- In Loves park, the median home price is higher at $213,000, while in Hope it is $150,000.
- In Hope, the rental for a two-bedroom apartment stands at $800, while it is $1,200 in Loves park.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Loves park | Hope |
|---|---|---|
| Electricity Price | $16.15 | $12.36 |
| Natural Gas Price | $16.59 | $17.08 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Loves park vs Hope
- Electricity costs are higher in Loves park at $16.15 per kWh, compared to $12.36 in Hope.
- Hope experiences higher natural gas costs at $17.08 per unit, with costs at $16.59 in Loves park.
- Other utility costs are higher in Loves park at an average of $250, compared to Hope with $200.