Hope, AK Economy

Hope, AK is an idyllic small town with a population of around 1800. The cost of living is considerably lower than in other parts of the United States, making it an attractive option for those looking to save money while still enjoying the beauty of rural Alaska. Rent for a two-bedroom apartment is $1,150 compared to the US average of $1,430. Food costs are also relatively low in Hope with a grocery cost index at 127 versus 100 in the US. \nThere are several local businesses that serve the community including Alaska Outdoors Fishing Charters and Silver Point Lodge catering to fishing and outdoor enthusiasts. For day-to-day items, there are several convenience stores including Arctic Circle Supply Co., which offers basic necessities at competitive prices. All in all, Hope provides a great cost of living when compared to most other parts of the country.