Cost of Living: Newport, AR vs Montgomery, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newport | Montgomery |
|---|---|---|
| Housing Index | 75.0 | 85.0 |
| Median Home Price | $132,000 | $260,000 |
| Average Rent (2 BR Apartment) | $800 | $1200 |
| Average Rent (2 BR House) | $816 | $1245 |
Housing Comparison: Newport vs Montgomery
- The median home price in Montgomery is higher at $260,000, compared to $132,000 in Newport.
- Renting a two-bedroom apartment costs more in Newport at $800 than in Montgomery at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Newport | Montgomery |
|---|---|---|
| Electricity Price | $12.36 | $16.15 |
| Natural Gas Price | $17.08 | $16.59 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Newport vs Montgomery
- Montgomery has higher electricity costs at $16.15 per kWh, versus $12.36 in Newport.
- Natural gas is more expensive in Newport at $17.08 per unit, while it is cheaper at $16.59 in Montgomery.
- Utility expenses are equal in both Newport and Montgomery averaging $200.