Hope, ND vs Parshall, ND

Hope, ND and Parshall, ND have a very similar cost of living, with only a 4.8% difference in their overall index. Hope scores 60 while Parshall scores 63 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Hope is $636/month compared to $711/month in Parshall — a 11% difference. Home values follow the same pattern: Hope is more affordable at $110,400 median vs $121,700.

Median household income in Hope is $53,750 compared to $42,500 in Parshall (+26.5%). 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 14.2% of their income on rent, less than the 20.1% in Parshall.

Climate-wise, both cities share similar average temperatures (39.8°F vs 40.9°F). Hope receives more rainfall at 21.7" per year compared to 17.8" in Parshall.