Cost of Living: Hope mills, NC vs Palmer, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hope mills | Palmer |
|---|---|---|
| Housing Index | 99.5 | 125.6 |
| Median Home Price | $279,000 | $309,900 |
| Average Rent (2 BR Apartment) | $1464 | $2614 |
| Average Rent (2 BR House) | $1591 | $2841 |
Housing Comparison: Hope mills vs Palmer
- The median home price in Palmer is higher at $309,900, compared to $279,000 in Hope mills.
- In Palmer, the rental for a two-bedroom apartment stands at $2,614, while it is $1,464 in Hope mills.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hope mills | Palmer |
|---|---|---|
| Electricity Price | $13.72 | $28.15 |
| Natural Gas Price | $Data is updating | $21.62 |
| Other Utilities | $234 | $258 |
Utilities Comparison: Hope mills vs Palmer
- Palmer has higher electricity costs at $28.15 per kWh, versus $13.72 in Hope mills.
- Natural gas price data is currently unavailable.
- Palmer has higher utility expenses, averaging $258, while Hope mills averages $234.