Cost of Living: Newport, TN vs Pierre, SD
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newport | Pierre |
|---|---|---|
| Housing Index | 85.0 | 85.0 |
| Median Home Price | $268,000 | $245,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1200 | $1280 |
Housing Comparison: Newport vs Pierre
- In Newport, the median home price is higher at $268,000, while in Pierre it is $245,000.
- The rent for a two-bedroom apartment is equal in both Newport and Pierre 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 | Pierre |
|---|---|---|
| Electricity Price | $12.57 | $14.15 |
| Natural Gas Price | $12.35 | $10.63 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Newport vs Pierre
- Pierre has higher electricity costs at $14.15 per kWh, versus $12.57 in Newport.
- Natural gas is more expensive in Newport at $12.35 per unit, while it is cheaper at $10.63 in Pierre.
- Pierre has higher utility expenses, averaging $250, while Newport averages $200.