Cost of Living: Elgin, IL vs Newport, RI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Elgin | Newport |
|---|---|---|
| Housing Index | 115.0 | Data is updating |
| Median Home Price | $292,000 | $564,000 |
| Average Rent (2 BR Apartment) | $1600 | $Data is updating |
| Average Rent (2 BR House) | $1650 | $Data is updating |
Housing Comparison: Elgin vs Newport
- The median home price in Newport is higher at $564,000, compared to $292,000 in Elgin.
- The rent for a two-bedroom apartment is equal in both Elgin and Newport at $1,600.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Elgin | Newport |
|---|---|---|
| Electricity Price | $16.15 | $27.03 |
| Natural Gas Price | $16.59 | $21.52 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Elgin vs Newport
- Newport has higher electricity costs at $27.03 per kWh, versus $16.15 in Elgin.
- Newport experiences higher natural gas costs at $21.52 per unit, with costs at $16.59 in Elgin.
- Utility expenses are equal in both Elgin and Newport averaging $250.