Cost of Living in Newport news, VA
Housing
The housing market plays a significant role in determining the cost of living in Newport news, VA.
- Housing Index: 120.5 / 100
- Median Home Price is: $252000
- Average Rent (2 BR Apartment): $1300 per month
- Average Rent (2 BR House): $1200 per month
Considering a move to Newport news, VA? With a housing index of 120.5, the market can be seen as increasingly competitive compared to national averages. The median home price sits at 252000, indicating a relatively affordable option for potential buyers. Renters seeking value may find the average rent for a 2-bedroom apartment at 1300 and for a house at 1200 quite reasonable. Additionally, the local amenities and lifestyle you can expect here may further enhance your decision-making process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Newport news, VA.
- Electricity Price: $15.31 USD (median by state)
- Natural Gas Price: $19.91 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Newport news, VA could entail higher utility costs. Electricity costs sit at $15.31, while natural gas is priced at $19.91 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Newport news is a financially viable option for your relocation.