Cost of Living: Montgomery, NY vs Hope, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Montgomery | Hope |
|---|---|---|
| Housing Index | 120.0 | 70.5 |
| Median Home Price | $346,000 | $150,000 |
| Average Rent (2 BR Apartment) | $1800 | $800 |
| Average Rent (2 BR House) | $1880 | $816 |
Housing Comparison: Montgomery vs Hope
- In Montgomery, the median home price is higher at $346,000, while in Hope it is $150,000.
- In Hope, the rental for a two-bedroom apartment stands at $800, while it is $1,800 in Montgomery.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Montgomery | Hope |
|---|---|---|
| Electricity Price | $26.08 | $12.36 |
| Natural Gas Price | $18.13 | $17.08 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Montgomery vs Hope
- Electricity costs are higher in Montgomery at $26.08 per kWh, compared to $12.36 in Hope.
- Natural gas is more expensive in Montgomery at $18.13 per unit, while it is cheaper at $17.08 in Hope.
- Other utility costs are higher in Montgomery at an average of $250, compared to Hope with $200.