Cost of Living: Newport, TN vs Lake park, IA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newport | Lake park |
|---|---|---|
| Housing Index | 85.0 | Data is updating |
| Median Home Price | $268,000 | $158,000 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1200 | $Data is updating |
Housing Comparison: Newport vs Lake park
- In Newport, the median home price is higher at $268,000, while in Lake park it is $158,000.
- The rent for a two-bedroom apartment is equal in both Newport and Lake park 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 | Lake park |
|---|---|---|
| Electricity Price | $12.57 | $14.82 |
| Natural Gas Price | $12.35 | $15.61 |
| Other Utilities | $200 | $Data is updating |
Utilities Comparison: Newport vs Lake park
- Lake park has higher electricity costs at $14.82 per kWh, versus $12.57 in Newport.
- Lake park experiences higher natural gas costs at $15.61 per unit, with costs at $12.35 in Newport.
- Utility expenses are equal in both Newport and Lake park averaging $200.