Cost of Living: West memphis, AR vs Newport, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | West memphis | Newport |
|---|---|---|
| Housing Index | 90.0 | 85.0 |
| Median Home Price | $124,000 | $268,000 |
| Average Rent (2 BR Apartment) | $800 | $1200 |
| Average Rent (2 BR House) | $856 | $1200 |
Housing Comparison: West memphis vs Newport
- The median home price in Newport is higher at $268,000, compared to $124,000 in West memphis.
- Renting a two-bedroom apartment costs more in West memphis at $800 than in Newport 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 | West memphis | Newport |
|---|---|---|
| Electricity Price | $12.36 | $12.57 |
| Natural Gas Price | $17.08 | $12.35 |
| Other Utilities | $150 | $200 |
Utilities Comparison: West memphis vs Newport
- Newport has higher electricity costs at $12.57 per kWh, versus $12.36 in West memphis.
- Natural gas is more expensive in West memphis at $17.08 per unit, while it is cheaper at $12.35 in Newport.
- Newport has higher utility expenses, averaging $200, while West memphis averages $150.