Cost of Living: Newport, AR vs Buffalo, NY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newport | Buffalo |
|---|---|---|
| Housing Index | 75.0 | 125.4 |
| Median Home Price | $132,000 | $155,000 |
| Average Rent (2 BR Apartment) | $800 | $1800 |
| Average Rent (2 BR House) | $816 | $1900 |
Housing Comparison: Newport vs Buffalo
- The median home price in Buffalo is higher at $155,000, compared to $132,000 in Newport.
- Renting a two-bedroom apartment costs more in Newport at $800 than in Buffalo at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Newport | Buffalo |
|---|---|---|
| Electricity Price | $12.36 | $26.08 |
| Natural Gas Price | $17.08 | $18.13 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Newport vs Buffalo
- Buffalo has higher electricity costs at $26.08 per kWh, versus $12.36 in Newport.
- Buffalo experiences higher natural gas costs at $18.13 per unit, with costs at $17.08 in Newport.
- Buffalo has higher utility expenses, averaging $250, while Newport averages $200.