Cost of Living: Falling waters, WV vs Newport, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Falling waters | Newport |
|---|---|---|
| Housing Index | 95.3 | 85.0 |
| Median Home Price | $278,000 | $268,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1344 | $1200 |
Housing Comparison: Falling waters vs Newport
- In Falling waters, the median home price is higher at $278,000, while in Newport it is $268,000.
- The rent for a two-bedroom apartment is equal in both Falling waters 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 | Falling waters | Newport |
|---|---|---|
| Electricity Price | $15.48 | $12.57 |
| Natural Gas Price | $23.05 | $12.35 |
| Other Utilities | $150 | $200 |
Utilities Comparison: Falling waters vs Newport
- Electricity costs are higher in Falling waters at $15.48 per kWh, compared to $12.57 in Newport.
- Natural gas is more expensive in Falling waters at $23.05 per unit, while it is cheaper at $12.35 in Newport.
- Newport has higher utility expenses, averaging $200, while Falling waters averages $150.