Cost of Living: Newport, TN vs Pompton lakes, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newport | Pompton lakes |
|---|---|---|
| Housing Index | 85.0 | 120.0 |
| Median Home Price | $268,000 | $450,000 |
| Average Rent (2 BR Apartment) | $1200 | $2300 |
| Average Rent (2 BR House) | $1200 | $2400 |
Housing Comparison: Newport vs Pompton lakes
- The median home price in Pompton lakes is higher at $450,000, compared to $268,000 in Newport.
- In Pompton lakes, the rental for a two-bedroom apartment stands at $2,300, 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 | Pompton lakes |
|---|---|---|
| Electricity Price | $12.57 | $19.88 |
| Natural Gas Price | $12.35 | $14.01 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Newport vs Pompton lakes
- Pompton lakes has higher electricity costs at $19.88 per kWh, versus $12.57 in Newport.
- Pompton lakes experiences higher natural gas costs at $14.01 per unit, with costs at $12.35 in Newport.
- Pompton lakes has higher utility expenses, averaging $250, while Newport averages $200.