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.