Cost of Living in Hope
Hope's cost of living runs genuinely low on housing even as this record discloses a real, above-average combined sales tax rate and a modest median household income.
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Learn moreGenuinely affordable home values
Cross-source figures for Hope's home values cluster between $86,893 and $113,807 -- genuinely affordable regardless of which specific source is used (base record).
A real rent spread
Rent estimates ranged from approximately $685 to $769/month across sources -- a real, disclosed spread (base record).
An above-average combined sales tax rate
Hope's combined sales tax rate runs a real 10.5% (6.5% state + 2% Hempstead County + 2% city), above Arkansas's own already-elevated 9.48% statewide average (base record).
A real, disclosed income and poverty picture
Hope's median household income ran approximately $37,500, with a real, disclosed 23.39% poverty rate -- a genuine economic headwind alongside the city's affordable housing (base record).
Key takeaways
- Home values run genuinely affordable ($86,893-$113,807 across sources).
- Rent runs $685-$769/month across cited sources.
- A 10.5% combined sales tax rate runs above Arkansas's own elevated statewide average.
- Median household income (~$37,500) and a 23.39% poverty rate run genuinely below comparable figures.
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