Cost of Living: Phoenix, AZ vs Hope, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Phoenix | Hope |
|---|---|---|
| Housing Index | 115.0 | 70.5 |
| Median Home Price | $358,200 | $150,000 |
| Average Rent (2 BR Apartment) | $1800 | $800 |
| Average Rent (2 BR House) | $1840 | $816 |
Housing Comparison: Phoenix vs Hope
- In Phoenix, the median home price is higher at $358,200, 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 Phoenix.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Phoenix | Hope |
|---|---|---|
| Electricity Price | $15.14 | $12.36 |
| Natural Gas Price | $23.51 | $17.08 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Phoenix vs Hope
- Electricity costs are higher in Phoenix at $15.14 per kWh, compared to $12.36 in Hope.
- Natural gas is more expensive in Phoenix at $23.51 per unit, while it is cheaper at $17.08 in Hope.
- Other utility costs are higher in Phoenix at an average of $250, compared to Hope with $200.