Cost of Living: Fort payne, AL vs Newport, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Fort payne | Newport |
|---|---|---|
| Housing Index | 78.0 | 85.0 |
| Median Home Price | $215,000 | $268,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1300 | $1200 |
Housing Comparison: Fort payne vs Newport
- The median home price in Newport is higher at $268,000, compared to $215,000 in Fort payne.
- The rent for a two-bedroom apartment is equal in both Fort payne 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 | Fort payne | Newport |
|---|---|---|
| Electricity Price | $15.03 | $12.57 |
| Natural Gas Price | $21.76 | $12.35 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Fort payne vs Newport
- Electricity costs are higher in Fort payne at $15.03 per kWh, compared to $12.57 in Newport.
- Natural gas is more expensive in Fort payne at $21.76 per unit, while it is cheaper at $12.35 in Newport.
- Utility expenses are equal in both Fort payne and Newport averaging $200.