Cost of Living: Methuen, MA vs Newport, TN

Housing

The housing market plays a significant role in determining the cost of living.

Metric Methuen Newport
Housing Index 120.0 85.0
Median Home Price $491,000 $268,000
Average Rent (2 BR Apartment) $2300 $1200
Average Rent (2 BR House) $2400 $1200

Housing Comparison: Methuen vs Newport

  • In Methuen, the median home price is higher at $491,000, while in Newport it is $268,000.
  • Renting a two-bedroom apartment costs more in Methuen at $2,300 than in 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 Methuen Newport
Electricity Price $28.15 $12.57
Natural Gas Price $21.62 $12.35
Other Utilities $250 $200

Utilities Comparison: Methuen vs Newport

  • Electricity costs are higher in Methuen at $28.15 per kWh, compared to $12.57 in Newport.
  • Natural gas is more expensive in Methuen at $21.62 per unit, while it is cheaper at $12.35 in Newport.
  • Other utility costs are higher in Methuen at an average of $250, compared to Newport with $200.