Cost of Living: Newport, TN vs Clayton, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newport | Clayton |
|---|---|---|
| Housing Index | 85.0 | 110.0 |
| Median Home Price | $268,000 | $395,000 |
| Average Rent (2 BR Apartment) | $1200 | $1350 |
| Average Rent (2 BR House) | $1200 | $1385 |
Housing Comparison: Newport vs Clayton
- The median home price in Clayton is higher at $395,000, compared to $268,000 in Newport.
- In Clayton, the rental for a two-bedroom apartment stands at $1,350, while it is $1,200 in Newport.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Newport | Clayton |
|---|---|---|
| Electricity Price | $12.57 | $13.72 |
| Natural Gas Price | $12.35 | $Data is updating |
| Other Utilities | $200 | $220 |
Utilities Comparison: Newport vs Clayton
- Clayton has higher electricity costs at $13.72 per kWh, versus $12.57 in Newport.
- Natural gas price data is currently unavailable.
- Clayton has higher utility expenses, averaging $220, while Newport averages $200.