Hope, AR Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
77
Hope's Overall Cost Of Living
0.8x
Lower Than The National Average
3 out of 65
In Arkansas
78 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Hope is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Hope, AR?

According to the most recent data on the cost of living, Hope has an overall cost of living index of 77 which is 0.8x lower than the national index of 100.

Compared to only Arkansas, Hope has a cost of living index that's 0.9x lower than Arkansas's index of 85.

The standard of living in Hope ranks as #78 most affordable out of the 6,418 places we measured in Arkansas. By definition, that implies Hope ranks as the #6,341 most expensive place in the Natural State.

For more reading on life in Hope, check out:

Hope Cost Of Living Vs. Arkansas

Living Expense Hope Arkansas National Average
Overall 77 85 100
Services 97 97 100
Groceries 97 92 100
Health 94 88 100
Housing 49 66 100
Transportation 78 87 100
Utilities 89 93 100
For more reading on cost of living around Arkansas, check out:
Hope Cost of Living Vs. AR

Hope, AR Housing Cost Breakdown

Housing swings affordability the most between places in Arkansas, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$83,700
Median Home Value
$685
Median Rent
$39,793
Median Income
Statistic Hope Arkansas United States
Median Home Value $83,700 $133,600 $229,800
Median Rent $685 $760 $1,096
Median Income $39,793 $49,475 $64,994
Home Value To Income 2.1x 2.7x 3.5x
Rent To Monthly Income 0.21x 0.18x 0.2x

Detailed Hope Services Costs Vs. Arkansas

Item Hope Arkansas
Shampoo $0.99 $1.06
Movie $8.49 $10.68
Bowling $12.33 $14.67

Detailed Hope Groceries Costs Vs. Arkansas

Item Hope Arkansas
Ground Beef $3.89 $4.22
Fried Chicken $1.02 $1.39
Milk $2.03 $2.05

Detailed Hope Health Costs Vs. Arkansas

Item Hope Arkansas
Haircut $14.67 $18.62
Beauty Salon $36.25 $39.05
Toothpaste $2.61 $2.34

Detailed Hope Transportation Costs Vs. Arkansas

Item Hope Arkansas
Potatoes $2.98 $3.29
Pizza $10.89 $10.62
Beer $9.26 $9.38
Optometrist $74.64 $108.57
Doctor $104.5 $116.17
Dentist $91.3 $99.13

Detailed Hope Utilities Costs Vs. Arkansas

Item Hope Arkansas
Gasoline $1.78 $2.22
Tire Balancing $37.89 $50.07
All Electricity $131.55 $167.67
Phone $184.73 $175.64

Hope SnackAbility

3
/10
Overall SnackAbility
Jobs
6/10
Housing
4
Affordability
8
Diversity
9.5
Safety
3
Amenities
8
Education
4
Commute
9

Cost Of Living In Cities Around Hope

City Population Cost Of Living Vs. Hope
Texarkana, TX 36,733 83 1.1x
Texarkana, AR 29,864 83 1.1x
Magnolia, AR 11,537 83 1.1x
Camden, AR 10,877 80 1.0x
Arkadelphia, AR 10,670 84 1.1x

Articles About Arkansas

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