Cost of Living: Newport, TN vs Wilmington, OH
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newport | Wilmington |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $268,000 | $200,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1200 | $1250 |
Housing Comparison: Newport vs Wilmington
- In Newport, the median home price is higher at $268,000, while in Wilmington it is $200,000.
- The rent for a two-bedroom apartment is equal in both Newport and Wilmington 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 | Wilmington |
|---|---|---|
| Electricity Price | $12.57 | $15.92 |
| Natural Gas Price | $12.35 | $Data is updating |
| Other Utilities | $200 | $200 |
Utilities Comparison: Newport vs Wilmington
- Wilmington has higher electricity costs at $15.92 per kWh, versus $12.57 in Newport.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Newport and Wilmington averaging $200.