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.
|Living Expense||Hope||Arkansas||National Average|
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.