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Mountain Home, NC vs New Hope, NC

100
Mountain Home
North Carolina
VS
+18.3%
84
New Hope
North Carolina

There is a significant gap in the cost of living between these two cities. New Hope is 18.3% cheaper than Mountain Home. With a cost index of 84 vs 100, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New Hope to Mountain Home should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Mountain Home are $353,200 compared to $156,500 in New Hope, a 126% gap.

Median household income in Mountain Home is $68,750 compared to $55,324 in New Hope (+24.3%). While Mountain Home is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.

Income & Cost

Cost of Living Index
Mountain Home
100
New Hope
84
15% cheaper
Median Household Income
Mountain Home
$68,750
20% higher
New Hope
$55,324

Housing

Median Rent
Mountain Home
$1,208
New Hope
Median Home Value
Mountain Home
$353,200
New Hope
$156,500
56% cheaper
Population
Mountain Home
3,518
New Hope
1,200

Salary Equivalency Calculator

What does your salary in one city buy you in the other?

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Formula:

Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Mountain Home $2.97
New Hope $2.97
US $3.07
🥚
Eggs (grade A, large)
Mountain Home $2.42
New Hope $2.42
US $2.50
🥛
Milk (whole)
Mountain Home $3.90
New Hope $3.90
US $4.03
🍞
Bread (white)
Mountain Home $1.79
New Hope $1.79
US $1.85
🍗
Chicken breast
Mountain Home $4.01
New Hope $4.01
US $4.14
Electricity
Mountain Home $0.16
New Hope $0.16
US $0.19