Cost of Living: Newport, TN vs Hope mills, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newport | Hope mills |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $268,000 | $279,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1200 | $1360 |
Housing Comparison: Newport vs Hope mills
- The median home price in Hope mills is higher at $279,000, compared to $268,000 in Newport.
- The rent for a two-bedroom apartment is equal in both Newport and Hope mills at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Newport | Hope mills |
|---|---|---|
| Electricity Price | $12.57 | $13.72 |
| Natural Gas Price | $12.35 | $Data is updating |
| Other Utilities | $200 | $250 |
Utilities Comparison: Newport vs Hope mills
- Hope mills has higher electricity costs at $13.72 per kWh, versus $12.57 in Newport.
- Natural gas price data is currently unavailable.
- Hope mills has higher utility expenses, averaging $250, while Newport averages $200.