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.