Cost of Living: Newport, TN vs Lakeland, FL

Housing

The housing market plays a significant role in determining the cost of living.

Metric Newport Lakeland
Housing Index 85.0 Data is updating
Median Home Price $268,000 $289,000
Average Rent (2 BR Apartment) $1200 $Data is updating
Average Rent (2 BR House) $1200 $Data is updating

Housing Comparison: Newport vs Lakeland

  • The median home price in Lakeland is higher at $289,000, compared to $268,000 in Newport.
  • The rent for a two-bedroom apartment is equal in both Newport and Lakeland 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 Lakeland
Electricity Price $12.57 $13.89
Natural Gas Price $12.35 $26.13
Other Utilities $200 $Data is updating

Utilities Comparison: Newport vs Lakeland

  • Lakeland has higher electricity costs at $13.89 per kWh, versus $12.57 in Newport.
  • Lakeland experiences higher natural gas costs at $26.13 per unit, with costs at $12.35 in Newport.
  • Utility expenses are equal in both Newport and Lakeland averaging $200.