Cost of Living: Newport news, VA vs Carmel, IN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newport news | Carmel |
|---|---|---|
| Housing Index | 120.5 | 120.5 |
| Median Home Price | $252,000 | $396,000 |
| Average Rent (2 BR Apartment) | $1300 | $1800 |
| Average Rent (2 BR House) | $1200 | $1830 |
Housing Comparison: Newport news vs Carmel
- The median home price in Carmel is higher at $396,000, compared to $252,000 in Newport news.
- In Carmel, the rental for a two-bedroom apartment stands at $1,800, while it is $1,300 in Newport news.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Newport news | Carmel |
|---|---|---|
| Electricity Price | $15.31 | $14.89 |
| Natural Gas Price | $19.91 | $Data is updating |
| Other Utilities | $250 | $250 |
Utilities Comparison: Newport news vs Carmel
- Electricity costs are higher in Newport news at $15.31 per kWh, compared to $14.89 in Carmel.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Newport news and Carmel averaging $250.