The cost of living index in Hope, AR, shows that housing costs are 30% lower than the nationwide average. Other areas like groceries, utilities, and healthcare also have lower costs, making it an attractive place for budget-conscious individuals. For example, groceries cost 15% less, utilities 5% less, and healthcare 20% less than the national average. This makes Hope a potentially more affordable option for those looking to relocate.
The cost of living in Hope, Arkansas, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Hope stand at 70, indicating that residents can expect to pay 30% less than the national average. This lower housing index can be particularly attractive to job seekers looking to maximize their budget.
Additionally, the grocery index in Hope is 85, which is 15% below the average cost of groceries nationwide. Utilities, another significant expense, are priced at 95 in Hope, which is 5% higher than the national average. Transportation costs are slightly lower, at 90, meaning residents spend 10% less on getting around. Healthcare costs in Hope are 80, which is 20% less than the national average, offering potential savings for those concerned with medical expenses. Miscellaneous costs, at 75, are 25% below the average, further contributing to the overall lower cost of living in Hope.
