Cost of Living: Newport, TN vs Meyersdale, PA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newport | Meyersdale |
|---|---|---|
| Housing Index | 85.0 | 80.0 |
| Median Home Price | $268,000 | $92,000 |
| Average Rent (2 BR Apartment) | $1200 | $960 |
| Average Rent (2 BR House) | $1200 | $1008 |
Housing Comparison: Newport vs Meyersdale
- In Newport, the median home price is higher at $268,000, while in Meyersdale it is $92,000.
- In Meyersdale, the rental for a two-bedroom apartment stands at $960, 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 | Meyersdale |
|---|---|---|
| Electricity Price | $12.57 | $17.68 |
| Natural Gas Price | $12.35 | $17.61 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Newport vs Meyersdale
- Meyersdale has higher electricity costs at $17.68 per kWh, versus $12.57 in Newport.
- Meyersdale experiences higher natural gas costs at $17.61 per unit, with costs at $12.35 in Newport.
- Meyersdale has higher utility expenses, averaging $250, while Newport averages $200.