Cost of Living: Loves park, IL vs Hope, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Loves park | Hope |
|---|---|---|
| Housing Index | 101.8 | 86.4 |
| Median Home Price | $213,000 | $150,000 |
| Average Rent (2 BR Apartment) | $1441 | $1228 |
| Average Rent (2 BR House) | $1566 | $1335 |
Housing Comparison: Loves park vs Hope
- In Loves park, the median home price is higher at $213,000, while in Hope it is $150,000.
- Renting a two-bedroom apartment costs more in Loves park at $1,441 than in Hope at $1,228.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Loves park | Hope |
|---|---|---|
| Electricity Price | $16.15 | $12.36 |
| Natural Gas Price | $16.59 | $17.08 |
| Other Utilities | $244 | $208 |
Utilities Comparison: Loves park vs Hope
- Electricity costs are higher in Loves park at $16.15 per kWh, compared to $12.36 in Hope.
- Hope experiences higher natural gas costs at $17.08 per unit, with costs at $16.59 in Loves park.
- Other utility costs are higher in Loves park at an average of $244, compared to Hope with $208.