Cost of Living: Newport, AR vs Ely, NV
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newport | Ely |
|---|---|---|
| Housing Index | 75.0 | 110.0 |
| Median Home Price | $132,000 | $100,000 |
| Average Rent (2 BR Apartment) | $800 | $1600 |
| Average Rent (2 BR House) | $816 | $1640 |
Housing Comparison: Newport vs Ely
- In Newport, the median home price is higher at $132,000, while in Ely it is $100,000.
- Renting a two-bedroom apartment costs more in Newport at $800 than in Ely at $1,600.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Newport | Ely |
|---|---|---|
| Electricity Price | $12.36 | $15.5 |
| Natural Gas Price | $17.08 | $20.66 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Newport vs Ely
- Ely has higher electricity costs at $15.5 per kWh, versus $12.36 in Newport.
- Ely experiences higher natural gas costs at $20.66 per unit, with costs at $17.08 in Newport.
- Ely has higher utility expenses, averaging $250, while Newport averages $200.