Cost of Living: Chattanooga, TN vs Newport, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Chattanooga | Newport |
|---|---|---|
| Housing Index | 90.0 | 75.0 |
| Median Home Price | $304,000 | $132,000 |
| Average Rent (2 BR Apartment) | $1200 | $800 |
| Average Rent (2 BR House) | $1360 | $816 |
Housing Comparison: Chattanooga vs Newport
- In Chattanooga, the median home price is higher at $304,000, while in Newport it is $132,000.
- In Newport, the rental for a two-bedroom apartment stands at $800, while it is $1,200 in Chattanooga.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Chattanooga | Newport |
|---|---|---|
| Electricity Price | $12.57 | $12.36 |
| Natural Gas Price | $12.35 | $17.08 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Chattanooga vs Newport
- Electricity costs are higher in Chattanooga at $12.57 per kWh, compared to $12.36 in Newport.
- Newport experiences higher natural gas costs at $17.08 per unit, with costs at $12.35 in Chattanooga.
- Other utility costs are higher in Chattanooga at an average of $250, compared to Newport with $200.