Cost of Living: Central city, NE vs Newport, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Central city | Newport |
|---|---|---|
| Housing Index | 90.0 | 75.0 |
| Median Home Price | $220,000 | $132,000 |
| Average Rent (2 BR Apartment) | $800 | $800 |
| Average Rent (2 BR House) | $850 | $816 |
Housing Comparison: Central city vs Newport
- In Central city, the median home price is higher at $220,000, while in Newport it is $132,000.
- The rent for a two-bedroom apartment is equal in both Central city and Newport at $800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Central city | Newport |
|---|---|---|
| Electricity Price | $12.92 | $12.36 |
| Natural Gas Price | $13.89 | $17.08 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Central city vs Newport
- Electricity costs are higher in Central city at $12.92 per kWh, compared to $12.36 in Newport.
- Newport experiences higher natural gas costs at $17.08 per unit, with costs at $13.89 in Central city.
- Utility expenses are equal in both Central city and Newport averaging $200.