Cost of Living: Palestine, TX vs Hope mills, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Palestine | Hope mills |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $197,000 | $279,000 |
| Average Rent (2 BR Apartment) | $950 | $1200 |
| Average Rent (2 BR House) | $1024 | $1360 |
Housing Comparison: Palestine vs Hope mills
- The median home price in Hope mills is higher at $279,000, compared to $197,000 in Palestine.
- Renting a two-bedroom apartment costs more in Palestine at $950 than in Hope mills at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Palestine | Hope mills |
|---|---|---|
| Electricity Price | $14.47 | $13.72 |
| Natural Gas Price | $26.29 | $Data is updating |
| Other Utilities | $200 | $250 |
Utilities Comparison: Palestine vs Hope mills
- Electricity costs are higher in Palestine at $14.47 per kWh, compared to $13.72 in Hope mills.
- Natural gas price data is currently unavailable.
- Hope mills has higher utility expenses, averaging $250, while Palestine averages $200.