Cost of Living: Newark, OH vs Red bay, AL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newark | Red bay |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $176,250 | $167,000 |
| Average Rent (2 BR Apartment) | $1120 | $960 |
| Average Rent (2 BR House) | $1136 | $992 |
Housing Comparison: Newark vs Red bay
- In Newark, the median home price is higher at $176,250, while in Red bay it is $167,000.
- In Red bay, the rental for a two-bedroom apartment stands at $960, 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 | Red bay |
|---|---|---|
| Electricity Price | $15.92 | $15.03 |
| Natural Gas Price | $Data is updating | $21.76 |
| Other Utilities | $220 | $220 |
Utilities Comparison: Newark vs Red bay
- Electricity costs are higher in Newark at $15.92 per kWh, compared to $15.03 in Red bay.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Newark and Red bay averaging $220.