Cost of Living: Madisonville, TX vs Hope, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Madisonville | Hope |
|---|---|---|
| Housing Index | 85.0 | 70.5 |
| Median Home Price | $204,000 | $150,000 |
| Average Rent (2 BR Apartment) | $880 | $800 |
| Average Rent (2 BR House) | $850 | $816 |
Housing Comparison: Madisonville vs Hope
- In Madisonville, the median home price is higher at $204,000, while in Hope it is $150,000.
- Renting a two-bedroom apartment costs more in Madisonville at $880 than in Hope at $800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Madisonville | Hope |
|---|---|---|
| Electricity Price | $14.47 | $12.36 |
| Natural Gas Price | $26.29 | $17.08 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Madisonville vs Hope
- Electricity costs are higher in Madisonville at $14.47 per kWh, compared to $12.36 in Hope.
- Natural gas is more expensive in Madisonville at $26.29 per unit, while it is cheaper at $17.08 in Hope.
- Utility expenses are equal in both Madisonville and Hope averaging $200.