Hope Mills, NC Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2021-02-06
90
Hope Mills's Overall Cost Of Living
0.9x
Lower Than The National Average
44 out of 151
In North Carolina
1,705 out of 6,399
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Hope Mills is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Hope Mills, NC?

According to the most recent data on the cost of living, Hope Mills has an overall cost of living index of 90 which is 0.9x lower than the national index of 100.

Compared to only North Carolina, Hope Mills has a cost of living index that's 0.9x lower than North Carolina's index of 95.

The standard of living in Hope Mills ranks as #1,706 most affordable out of the 6,522 places we measured in North Carolina. By definition, that implies Hope Mills ranks as the #4,700 most expensive place in the Tar Heel State.

For more reading on life in Hope Mills, check out:

Hope Mills Cost Of Living Vs. North Carolina

Living Expense Hope Mills North Carolina National Average
Overall 90 95 100
Services 101 101 100
Groceries 94 98 100
Health 105 108 100
Housing 74 85 100
Transportation 82 94 100
Utilities 99 98 100
For more reading on cost of living around North Carolina, check out:
Hope Mills Cost of Living Vs. NC

Hope Mills, NC Housing Cost Breakdown

Housing swings affordability the most between places in North Carolina, 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.

$134,900
Median Home Value
$928
Median Rent
$48,948
Median Income
Statistic Hope Mills North Carolina United States
Median Home Value $134,900 $172,500 $217,500
Median Rent $928 $907 $1,062
Median Income $48,948 $54,602 $62,843
Home Value To Income 2.8x 3.2x 3.5x
Rent To Monthly Income 0.23x 0.2x 0.2x

Detailed Hope Mills Services Costs Vs. North Carolina

Item Hope Mills North Carolina
Shampoo $0.89 $1.01
Movie $10.64 $10.72
Bowling $16.6 $13.86

Detailed Hope Mills Groceries Costs Vs. North Carolina

Item Hope Mills North Carolina
Ground Beef $4.22 $3.9
Fried Chicken $1.03 $1.4
Milk $1.52 $1.96

Detailed Hope Mills Health Costs Vs. North Carolina

Item Hope Mills North Carolina
Haircut $16.2 $17.49
Beauty Salon $49.0 $38.17
Toothpaste $2.08 $2.32

Detailed Hope Mills Transportation Costs Vs. North Carolina

Item Hope Mills North Carolina
Potatoes $3.69 $3.18
Pizza $9.71 $10.39
Beer $9.49 $9.23
Optometrist $99.99 $106.34
Doctor $143.17 $115.25
Dentist $99.0 $98.38

Detailed Hope Mills Utilities Costs Vs. North Carolina

Item Hope Mills North Carolina
Gasoline $2.6 $2.59
Tire Balancing $25.99 $48.9
All Electricity $167.45 $167.6
Phone $177.09 $163.42

Hope Mills SnackAbility

5
/10
Overall SnackAbility
Jobs
6/10
Housing
7
Affordability
6
Diversity
9.5
Safety
3
Amenities
8.5
Education
8
Commute
8

Cost Of Living In Cities Around Hope Mills

City Population Cost Of Living Vs. Hope Mills
Fayetteville, NC 210,432 91 1.0x
Holly Springs, NC 34,874 108 1.2x
Sanford, NC 29,456 86 1.0x
Fuquay-Varina, NC 27,426 101 1.1x
Pinehurst, NC 16,050 112 1.2x
Laurinburg, NC 15,119 88 1.0x
Southern Pines, NC 14,022 103 1.1x
Clinton, NC 8,504 87 1.0x
Aberdeen, NC 7,595 91 1.0x

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