Cost of Living: Farmington, NM vs Newport, OR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Farmington | Newport |
|---|---|---|
| Housing Index | 90.0 | 120.0 |
| Median Home Price | $234,000 | $401,000 |
| Average Rent (2 BR Apartment) | $1200 | $1800 |
| Average Rent (2 BR House) | $1280 | $1840 |
Housing Comparison: Farmington vs Newport
- The median home price in Newport is higher at $401,000, compared to $234,000 in Farmington.
- In Newport, the rental for a two-bedroom apartment stands at $1,800, while it is $1,200 in Farmington.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Farmington | Newport |
|---|---|---|
| Electricity Price | $14.44 | $15.12 |
| Natural Gas Price | $Data is updating | $16.5 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Farmington vs Newport
- Newport has higher electricity costs at $15.12 per kWh, versus $14.44 in Farmington.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Farmington and Newport averaging $250.