Cost of Living: The colony, TX vs Newport, RI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | The colony | Newport |
|---|---|---|
| Housing Index | 110.0 | Data is updating |
| Median Home Price | $413,000 | $564,000 |
| Average Rent (2 BR Apartment) | $1900 | $Data is updating |
| Average Rent (2 BR House) | $2000 | $Data is updating |
Housing Comparison: The colony vs Newport
- The median home price in Newport is higher at $564,000, compared to $413,000 in The colony.
- The rent for a two-bedroom apartment is equal in both The colony and Newport at $1,900.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | The colony | Newport |
|---|---|---|
| Electricity Price | $14.47 | $27.03 |
| Natural Gas Price | $26.29 | $21.52 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: The colony vs Newport
- Newport has higher electricity costs at $27.03 per kWh, versus $14.47 in The colony.
- Natural gas is more expensive in The colony at $26.29 per unit, while it is cheaper at $21.52 in Newport.
- Utility expenses are equal in both The colony and Newport averaging $250.