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.