Cost of Living: Alcoa, TN vs Newark, OH
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Alcoa | Newark |
|---|---|---|
| Housing Index | Data is updating | 85.0 |
| Median Home Price | $262,000 | $176,250 |
| Average Rent (2 BR Apartment) | $Data is updating | $1120 |
| Average Rent (2 BR House) | $Data is updating | $1136 |
Housing Comparison: Alcoa vs Newark
- In Alcoa, the median home price is higher at $262,000, while in Newark it is $176,250.
- The rent for a two-bedroom apartment is equal in both Alcoa and Newark at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Alcoa | Newark |
|---|---|---|
| Electricity Price | $12.57 | $15.92 |
| Natural Gas Price | $12.35 | $Data is updating |
| Other Utilities | $Data is updating | $220 |
Utilities Comparison: Alcoa vs Newark
- Newark has higher electricity costs at $15.92 per kWh, versus $12.57 in Alcoa.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Alcoa and Newark averaging $0.0.