Cost of Living: Newport, AR vs Springhill, LA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newport | Springhill |
|---|---|---|
| Housing Index | 75.0 | 90.0 |
| Median Home Price | $132,000 | $188,000 |
| Average Rent (2 BR Apartment) | $800 | $1200 |
| Average Rent (2 BR House) | $816 | $1280 |
Housing Comparison: Newport vs Springhill
- The median home price in Springhill is higher at $188,000, compared to $132,000 in Newport.
- Renting a two-bedroom apartment costs more in Newport at $800 than in Springhill 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 | Springhill |
|---|---|---|
| Electricity Price | $12.36 | $11.42 |
| Natural Gas Price | $17.08 | $19.48 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Newport vs Springhill
- Electricity costs are higher in Newport at $12.36 per kWh, compared to $11.42 in Springhill.
- Springhill experiences higher natural gas costs at $19.48 per unit, with costs at $17.08 in Newport.
- Springhill has higher utility expenses, averaging $250, while Newport averages $200.