Cost of Living: Covington, VA vs Newport, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Covington | Newport |
|---|---|---|
| Housing Index | 90.0 | 85.0 |
| Median Home Price | $178,000 | $268,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1360 | $1200 |
Housing Comparison: Covington vs Newport
- The median home price in Newport is higher at $268,000, compared to $178,000 in Covington.
- The rent for a two-bedroom apartment is equal in both Covington and Newport at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Covington | Newport |
|---|---|---|
| Electricity Price | $15.31 | $12.57 |
| Natural Gas Price | $19.91 | $12.35 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Covington vs Newport
- Electricity costs are higher in Covington at $15.31 per kWh, compared to $12.57 in Newport.
- Natural gas is more expensive in Covington at $19.91 per unit, while it is cheaper at $12.35 in Newport.
- Utility expenses are equal in both Covington and Newport averaging $200.