Cost of Living: Newport news, VA vs Bessemer, AL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newport news | Bessemer |
|---|---|---|
| Housing Index | 120.5 | 85.0 |
| Median Home Price | $252,000 | $162,000 |
| Average Rent (2 BR Apartment) | $1300 | $1080 |
| Average Rent (2 BR House) | $1200 | $1105 |
Housing Comparison: Newport news vs Bessemer
- In Newport news, the median home price is higher at $252,000, while in Bessemer it is $162,000.
- Renting a two-bedroom apartment costs more in Newport news at $1,300 than in Bessemer at $1,080.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Newport news | Bessemer |
|---|---|---|
| Electricity Price | $15.31 | $15.03 |
| Natural Gas Price | $19.91 | $21.76 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Newport news vs Bessemer
- Electricity costs are higher in Newport news at $15.31 per kWh, compared to $15.03 in Bessemer.
- Bessemer experiences higher natural gas costs at $21.76 per unit, with costs at $19.91 in Newport news.
- Utility expenses are equal in both Newport news and Bessemer averaging $250.