Cost of Living: Newport, OR vs Prescott, AZ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newport | Prescott |
|---|---|---|
| Housing Index | 120.0 | 110.0 |
| Median Home Price | $401,000 | $531,000 |
| Average Rent (2 BR Apartment) | $1800 | $1800 |
| Average Rent (2 BR House) | $1840 | $1840 |
Housing Comparison: Newport vs Prescott
- The median home price in Prescott is higher at $531,000, compared to $401,000 in Newport.
- The rent for a two-bedroom apartment is equal in both Newport and Prescott at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Newport | Prescott |
|---|---|---|
| Electricity Price | $15.12 | $15.14 |
| Natural Gas Price | $16.5 | $23.51 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Newport vs Prescott
- Prescott has higher electricity costs at $15.14 per kWh, versus $15.12 in Newport.
- Prescott experiences higher natural gas costs at $23.51 per unit, with costs at $16.5 in Newport.
- Utility expenses are equal in both Newport and Prescott averaging $250.