Cost of Living in Hope, AR
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
73.0
100 = national avg
-27.0 vs national average
Living Wage (1 Adult)
$32,140
per year
Living Wage (Family of 4)
$75,968
per year
Cost Index by Category
Housing65.9
Food83.9
Transportation67.8
Healthcare87.1
Utilities83.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$692
per month
2 Bedroom
$908
per month
The overall cost of living index in Hope is 73.0, which is 27.0% below the national average. Housing costs are below the national average at an index of 65.9. A single adult needs to earn approximately $32,140 per year to cover basic expenses.