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.