The cost of living index in Hope, AR, shows a generally lower cost of living compared to the nationwide average, which is set at 100. Housing costs 30% less, while groceries, utilities, transportation, healthcare, and miscellaneous expenses are slightly below or close to the national average. This makes Hope an attractive option for those seeking a more affordable living environment.
The cost of living in Hope, Arkansas, presents a favorable comparison to the nationwide average, which is set at 100. Notably, the housing index in Hope stands at 70, indicating that housing costs are 30% lower than the average. This makes it an attractive option for those seeking more affordable living arrangements without sacrificing quality.
Additionally, the grocery index in Hope is 88, which is 12% lower than the national average. This suggests that residents can enjoy savings on food expenses. Utilities in Hope are priced at 90, just 10% below the average, offering a slight advantage in this category. Transportation costs are at 85, which is 15% lower than the national average, making commuting and travel more budget-friendly. Healthcare costs are slightly higher, at 95, which is 5% above the average, but still relatively manageable. Miscellaneous expenses in Hope are at 80, 20% below the average, providing further savings opportunities. Overall, the cost of living in Hope, AR, offers a competitive advantage for those looking to manage their expenses effectively.
