Independence, KY vs Newport, KY

Newport is moderately more affordable than Independence, with a 9.8% lower cost of living index. Independence scores 89 compared to 81 for Newport, where the US average is 100. This difference means residents of Independence can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Independence is $1,204/month compared to $994/month in Newport — a 21% difference. Home values follow the same pattern: Newport is more affordable at $221,100 median vs $240,500.

Median household income in Independence is $98,653 compared to $58,422 in Newport (+68.9%). While Independence is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Independence spend roughly 14.6% of their income on rent, less than the 20.4% in Newport.