Cost of Living: Oklahoma city, OK vs Hope, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Oklahoma city | Hope |
|---|---|---|
| Housing Index | 90.0 | 70.5 |
| Median Home Price | $242,000 | $150,000 |
| Average Rent (2 BR Apartment) | $1200 | $800 |
| Average Rent (2 BR House) | $1280 | $816 |
Housing Comparison: Oklahoma city vs Hope
- In Oklahoma city, the median home price is higher at $242,000, 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 Oklahoma city.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Oklahoma city | Hope |
|---|---|---|
| Electricity Price | $12.37 | $12.36 |
| Natural Gas Price | $20.27 | $17.08 |
| Other Utilities | $220 | $200 |
Utilities Comparison: Oklahoma city vs Hope
- Electricity costs are higher in Oklahoma city at $12.37 per kWh, compared to $12.36 in Hope.
- Natural gas is more expensive in Oklahoma city at $20.27 per unit, while it is cheaper at $17.08 in Hope.
- Other utility costs are higher in Oklahoma city at an average of $220, compared to Hope with $200.