Cost of Living: Newport, TN vs Southaven, MS
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newport | Southaven |
|---|---|---|
| Housing Index | 85.0 | 85.5 |
| Median Home Price | $268,000 | $251,000 |
| Average Rent (2 BR Apartment) | $1200 | $1300 |
| Average Rent (2 BR House) | $1200 | $1365 |
Housing Comparison: Newport vs Southaven
- In Newport, the median home price is higher at $268,000, while in Southaven it is $251,000.
- In Southaven, the rental for a two-bedroom apartment stands at $1,300, while it is $1,200 in Newport.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Newport | Southaven |
|---|---|---|
| Electricity Price | $12.57 | $13.42 |
| Natural Gas Price | $12.35 | $22.19 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Newport vs Southaven
- Southaven has higher electricity costs at $13.42 per kWh, versus $12.57 in Newport.
- Southaven experiences higher natural gas costs at $22.19 per unit, with costs at $12.35 in Newport.
- Utility expenses are equal in both Newport and Southaven averaging $200.