Cost of Living: Albany, NY vs Newport, RI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Albany | Newport |
|---|---|---|
| Housing Index | 120.0 | Data is updating |
| Median Home Price | $282,000 | $564,000 |
| Average Rent (2 BR Apartment) | $2200 | $Data is updating |
| Average Rent (2 BR House) | $2496 | $Data is updating |
Housing Comparison: Albany vs Newport
- The median home price in Newport is higher at $564,000, compared to $282,000 in Albany.
- The rent for a two-bedroom apartment is equal in both Albany and Newport at $2,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Albany | Newport |
|---|---|---|
| Electricity Price | $26.08 | $27.03 |
| Natural Gas Price | $18.13 | $21.52 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Albany vs Newport
- Newport has higher electricity costs at $27.03 per kWh, versus $26.08 in Albany.
- Newport experiences higher natural gas costs at $21.52 per unit, with costs at $18.13 in Albany.
- Utility expenses are equal in both Albany and Newport averaging $250.