salaryRent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 19.4 minutes.
How much money do I need?
To rent here comfortably, you should earn about $28,280 a year. That is $14 an hour at a full-time job.
Is rent cheaper than other Arkansas cities?
Yes. Rent here is cheaper than in most of Arkansas. It is number 6 of 71 cities from cheapest to most expensive.
How much do households earn in Hope?
Share of households by yearly income. 10.4% of households earn $100,000 or more.
Rent by apartment size in Hope
| Size | Hope | U.S. average |
|---|---|---|
| Studio | $557 | $1,338 |
| 1 bedroom | $765 | $1,324 |
| 2 bedrooms | $815 | $1,509 |
| 3 bedrooms | $1,009 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Hope overall?
Everyday prices in Arkansas overall are 13% below the U.S. average (index 86.9, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Hope, so the Arkansas figure is shown.
Taxes and bills in Hope
Life in Hope
Is it cheaper to rent or buy in Hope?
Buying is cheaper month to month: about $69 a month less than renting.
Owning assumes a typical $91,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $9,190 for the down payment.
Frequently asked questions
What is the average rent in Hope, AR?
Renting in Hope costs a median of about $707 a month in 2026, including utilities. The Arkansas median is $1,068.
How much do I need to make to live in Hope?
To keep rent under 30% of income, you need about $28,280 a year, or $14 an hour at a full-time job.
Is Hope cheap or expensive?
Hope is rated OK: rent takes 21.0% of the typical household income of $40,444. It ranks 6th cheapest of 71 Arkansas cities we track.
How much are property taxes in Hope?
The median homeowner in Hope pays $541 a year in property taxes, about 0.59% of the median home value.
Is Hope more expensive than the national average?
Overall prices in Arkansas are 13% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Hope?
The median home value in Hope is $91,900, about 2.3 times the typical yearly household income.
8,671 people live in Hope. Numbers are typical (middle) values.