Hope, AR vs West Memphis, AR

Hope is moderately more affordable than West Memphis, with a 8.7% lower cost of living index. Hope scores 62 compared to 68 for West Memphis, where the US average is 100. This difference means residents of West Memphis can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Hope is $777/month compared to $847/month in West Memphis — a 8% difference. Home values follow the same pattern: Hope is more affordable at $87,800 median vs $119,100.

Median household income in Hope is $44,353 compared to $41,860 in West Memphis (+6%). Hope offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Hope spend roughly 21% of their income on rent, less than the 24.3% in West Memphis.