Cost of Living: Newport, AR vs Sterling, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newport | Sterling |
|---|---|---|
| Housing Index | 75.0 | 90.0 |
| Median Home Price | $132,000 | $137,000 |
| Average Rent (2 BR Apartment) | $800 | $1200 |
| Average Rent (2 BR House) | $816 | $1360 |
Housing Comparison: Newport vs Sterling
- The median home price in Sterling is higher at $137,000, compared to $132,000 in Newport.
- Renting a two-bedroom apartment costs more in Newport at $800 than in Sterling 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 | Sterling |
|---|---|---|
| Electricity Price | $12.36 | $16.15 |
| Natural Gas Price | $17.08 | $16.59 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Newport vs Sterling
- Sterling 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 Sterling.
- Sterling has higher utility expenses, averaging $250, while Newport averages $200.