Cost of Living: Lake hiawatha, NJ vs Newport, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lake hiawatha | Newport |
|---|---|---|
| Housing Index | Data is updating | 85.0 |
| Median Home Price | $360,000 | $268,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $1200 |
| Average Rent (2 BR House) | $Data is updating | $1200 |
Housing Comparison: Lake hiawatha vs Newport
- In Lake hiawatha, the median home price is higher at $360,000, while in Newport it is $268,000.
- The rent for a two-bedroom apartment is equal in both Lake hiawatha and Newport at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lake hiawatha | Newport |
|---|---|---|
| Electricity Price | $19.88 | $12.57 |
| Natural Gas Price | $14.01 | $12.35 |
| Other Utilities | $Data is updating | $200 |
Utilities Comparison: Lake hiawatha vs Newport
- Electricity costs are higher in Lake hiawatha at $19.88 per kWh, compared to $12.57 in Newport.
- Natural gas is more expensive in Lake hiawatha at $14.01 per unit, while it is cheaper at $12.35 in Newport.
- Utility expenses are equal in both Lake hiawatha and Newport averaging $0.0.