Cost of Living: Lebanon, TN vs Newport, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lebanon | Newport |
|---|---|---|
| Housing Index | 92.0 | 75.0 |
| Median Home Price | $312,000 | $132,000 |
| Average Rent (2 BR Apartment) | $1600 | $800 |
| Average Rent (2 BR House) | $1646 | $816 |
Housing Comparison: Lebanon vs Newport
- In Lebanon, the median home price is higher at $312,000, while in Newport it is $132,000.
- In Newport, the rental for a two-bedroom apartment stands at $800, while it is $1,600 in Lebanon.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lebanon | Newport |
|---|---|---|
| Electricity Price | $12.57 | $12.36 |
| Natural Gas Price | $12.35 | $17.08 |
| Other Utilities | $260 | $200 |
Utilities Comparison: Lebanon vs Newport
- Electricity costs are higher in Lebanon at $12.57 per kWh, compared to $12.36 in Newport.
- Newport experiences higher natural gas costs at $17.08 per unit, with costs at $12.35 in Lebanon.
- Other utility costs are higher in Lebanon at an average of $260, compared to Newport with $200.