Cost of Living: Hope, AR vs South bend, IN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hope | South bend |
|---|---|---|
| Housing Index | 86.4 | 91.1 |
| Median Home Price | $150,000 | $181,000 |
| Average Rent (2 BR Apartment) | $1228 | $1121 |
| Average Rent (2 BR House) | $1335 | $1219 |
Housing Comparison: Hope vs South bend
- The median home price in South bend is higher at $181,000, compared to $150,000 in Hope.
- Renting a two-bedroom apartment costs more in Hope at $1,228 than in South bend at $1,121.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hope | South bend |
|---|---|---|
| Electricity Price | $12.36 | $14.89 |
| Natural Gas Price | $17.08 | $Data is updating |
| Other Utilities | $208 | $233 |
Utilities Comparison: Hope vs South bend
- South bend has higher electricity costs at $14.89 per kWh, versus $12.36 in Hope.
- Natural gas price data is currently unavailable.
- South bend has higher utility expenses, averaging $233, while Hope averages $208.