Cost of Living: Newport, OR vs Rio rancho, NM
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newport | Rio rancho |
|---|---|---|
| Housing Index | 120.0 | 90.0 |
| Median Home Price | $401,000 | $331,000 |
| Average Rent (2 BR Apartment) | $1800 | $1300 |
| Average Rent (2 BR House) | $1840 | $1400 |
Housing Comparison: Newport vs Rio rancho
- In Newport, the median home price is higher at $401,000, while in Rio rancho it is $331,000.
- Renting a two-bedroom apartment costs more in Newport at $1,800 than in Rio rancho at $1,300.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Newport | Rio rancho |
|---|---|---|
| Electricity Price | $15.12 | $14.44 |
| Natural Gas Price | $16.5 | $Data is updating |
| Other Utilities | $250 | $250 |
Utilities Comparison: Newport vs Rio rancho
- Electricity costs are higher in Newport at $15.12 per kWh, compared to $14.44 in Rio rancho.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Newport and Rio rancho averaging $250.