Housing costs in Hope?
A typical home costs
$247,400, which is 26.8% less expensive than the national average of
$338,100 and 26.4% less expensive than the average Alaska home, at
$336,100. Renting a two-bedroom unit in Hope costs
$1,150 per month, which is 19.6% cheaper than the national average of
$1,430 and 17.4% cheaper than the state average of
$1,350.
Can I afford Hope?
To live comfortably in Hope, Alaska, a minimum annual income of
$47,520 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about Hope?
The cost of living in Hope, AK is quite reasonable compared to other parts of the country. The average home price in Hope is $370,000, which is much lower than the national median of $228,700. Additionally, food and transportation costs are generally lower than those found in more expensive cities. In fact, groceries tend to be on average 30% less in Hope than they are nationwide. Additionally, gas prices tend to be about 11% lower than the national average. All these factors together make Hope an excellent place for anyone looking for a more affordable lifestyle without sacrificing quality of life.