Cost of Living: Newport, TN vs Somers, MT
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newport | Somers |
|---|---|---|
| Housing Index | 85.0 | 95.0 |
| Median Home Price | $268,000 | $386,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1200 | $1500 |
Housing Comparison: Newport vs Somers
- The median home price in Somers is higher at $386,000, compared to $268,000 in Newport.
- The rent for a two-bedroom apartment is equal in both Newport and Somers 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 | Somers |
|---|---|---|
| Electricity Price | $12.57 | $13.58 |
| Natural Gas Price | $12.35 | $8.31 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Newport vs Somers
- Somers has higher electricity costs at $13.58 per kWh, versus $12.57 in Newport.
- Somers experiences higher natural gas costs at $8.31 per unit, with costs at $12.35 in Newport.
- Utility expenses are equal in both Newport and Somers averaging $200.