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 85, which is 0.8x lower than the national index of 100.
Compared to Arkansas, Hope has a cost of living index that's 1.0x lower than Arkansas's index of 85.
The standard of living in Hope ranks as #21 most affordable out of the 70 places we measured in Arkansas. By definition, that implies Hope ranks as the #49 most expensive place in the Natural State.
For more reading on life in Hope, check out:
Hope Cost Of Living Vs. Arkansas
Six factors go into calculating the cost of living index in Hope. Here is how it fares on each of the criteria:
The Services index in Hope is 96.
The Groceries index in Hope is 97.
The Health index in Hope is 54.
The Housing index in Hope is 94.
The Transportation index in Hope is 96.
The Utilities index in Hope is 98.
| Living Expense | Hope | Arkansas | National Average |
|---|---|---|---|
| Overall | 85 | 85 | 100 |
| Services | 96 | 95 | 100 |
| Groceries | 97 | 93 | 100 |
| Health | 54 | 68 | 100 |
| Housing | 94 | 96 | 100 |
| Transportation | 96 | 92 | 100 |
| Utilities | 98 | 92 | 100 |
Hope Cost Of Living Compared To Arkansas Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Arkansas, check out:
Protect your home budget Compare home warranties in Hope Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Hope, AR Housing Cost Breakdown
Housing swings affordability the most between places in Arkansas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Hope is $113,807.
The Median Rent in Hope is $823.
The Median Income in Hope is $37,500.
The Home Value To Income in Hope is 3.0x.
The Rent To Monthly Income in Hope is 0.26x.
Hope, AR Costs By Category
Detailed Hope Services costs vs. Arkansas
Detailed Hope Groceries costs vs. Arkansas
Detailed Hope Health costs vs. Arkansas
Detailed Hope Transportation costs vs. Arkansas
Hope SnackAbility
Cost Of Living In Cities Around Hope
The cost of living varies in the cities and towns around Hope. Here's a quick look at the cost of living in the most populous nearby places:
Texarkana, TX has a cost of living index of 93, 1.1x Hope.
Texarkana, AR has a cost of living index of 90, 1.1x Hope.
Magnolia, AR has a cost of living index of 84, 1.0x Hope.
| City | Population | Cost Of Living | Vs. Hope |
|---|---|---|---|
| Texarkana, TX | 35,992 | 93 | 1.1x |
| Texarkana, AR | 29,177 | 90 | 1.1x |
| Magnolia, AR | 10,894 | 84 | 1.0x |
| Camden, AR | 10,307 | 81 | 1.0x |
| Arkadelphia, AR | 10,099 | 87 | 1.0x |
