Cost of Living: Newark, OH vs Altoona, IA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newark | Altoona |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $176,250 | $218,000 |
| Average Rent (2 BR Apartment) | $1120 | $1200 |
| Average Rent (2 BR House) | $1136 | $1280 |
Housing Comparison: Newark vs Altoona
- The median home price in Altoona is higher at $218,000, compared to $176,250 in Newark.
- In Altoona, the rental for a two-bedroom apartment stands at $1,200, while it is $1,120 in Newark.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Newark | Altoona |
|---|---|---|
| Electricity Price | $15.92 | $14.82 |
| Natural Gas Price | $Data is updating | $15.61 |
| Other Utilities | $220 | $250 |
Utilities Comparison: Newark vs Altoona
- Electricity costs are higher in Newark at $15.92 per kWh, compared to $14.82 in Altoona.
- Natural gas price data is currently unavailable.
- Altoona has higher utility expenses, averaging $250, while Newark averages $220.