Cost of Living in Newport, AR
Housing
The housing market plays a significant role in determining the cost of living in Newport, AR.
- Housing Index: 86.4 / 100
- Median Home Price is: $132,000
- Average Rent (2 BR Apartment): $1228 per month
- Average Rent (2 BR House): $1335 per month
Considering a move to Newport, AR? With a housing index of 86.4, the affordability is quite appealing. The median home price here is just 132000, making it accessible for first-time buyers. Additionally, renting options are reasonable, with the average rent for a 2-bedroom apartment sitting at 1228 and a house at 1335. When factoring in the lower cost of living, this area provides a solid balance of affordability and quality of life, ideal for families and individuals alike. Make sure to also explore the local amenities and community activities when making your decision!
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Newport, AR.
- Electricity Price: $12.36 USD (median by state)
- Natural Gas Price: $17.08 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $208 per month
Living in Newport, AR could entail higher utility costs. Electricity costs sit at $12.36, while natural gas is priced at $17.08 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $208 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 is a financially viable option for your relocation.