Housing costs in Hope?
A typical home costs
$81,200, which is 76.0% less expensive than the national average of
$338,100 and 55.3% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Hope costs
$680 per month, which is 52.4% cheaper than the national average of
$1,430 and 23.5% cheaper than the state average of
$840.
Can I afford Hope?
To live comfortably in Hope, Arkansas, a minimum annual income of
$15,480 for a family, and
$20,800 for a single person is recommended.
What does A.I. say about Hope?
The cost of living in Hope, AR is relatively low compared to other cities and towns in the state. The median home value is lower than the average Arkansas city at $99,400. With an unemployment rate of 6.5% and a general income tax rate of 6.6%, Hope remains an affordable place to live. Groceries, healthcare, and utilities are also lower than the national average making it a great place for families or individuals looking for an affordable quality of life.