Cost of living in Hope Mills
Hope Mills, located in North Carolina, offers a unique blend of small-town charm and accessibility to larger urban areas. Understanding the cost of living here is crucial for both current residents and those considering a move.
This guide provides a detailed breakdown of expenses in Hope Mills, covering essential categories such as dining, groceries, transportation, housing, and utilities.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $13 on average, with a range between $12 and $24.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $60, with prices ranging from $57 to $100.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10, with a consistent price.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $5 to $8, imported beer $5 to $9, cappuccino $4 to $7, and Coke/Pepsi $1.5 to $3.
Grocery Prices
- Milk - Milk is priced between $0.66 and $0.95 per liter, averaging $0.88.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $3.31 and $4.41, with an average price of $4.09.
- Eggs (Dozen) - A dozen eggs range from $2.55 to $4, averaging $3.18.
- Fruits (e.g., Apples, Oranges) - Apples cost $3 to $4.41 per kg, while oranges are consistently priced at $1 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes and lettuce are both priced at $5 per kg and per head, respectively.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.77 and $0.88 per liter.
- Car Purchase (Toyota Corolla) - A new Toyota Corolla Sedan costs $35,000.
Housing Costs
- Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child - Monthly preschool costs range from $1456 to $1700, averaging $1578.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $150 and $650, averaging $320.
- Internet - Internet services range from $70 to $80, with an average cost of $73.33.
- Mobile Phone Plan - Mobile phone plans with calls and 10GB+ data range from $25 to $190, averaging $87.75.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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Salaries And Financing
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"Key Takeaways"
Hope Mills offers a relatively affordable cost of living compared to larger cities, with moderate prices in dining and groceries.
Housing and utility costs are significant, but manageable, especially for those accustomed to urban living expenses.
Transportation costs are low, particularly for fuel, making it an attractive option for car owners.
Conclusion
Overall, Hope Mills presents a balanced cost of living, making it an appealing choice for families and individuals seeking a quieter lifestyle without sacrificing access to amenities.
Potential residents should consider the moderate housing and utility costs, while enjoying the benefits of affordable dining and transportation.