Milltown, IN vs Newport, IN

There is a significant gap in the cost of living between these two cities. Newport is 17.3% cheaper than Milltown. With a cost index of 53 vs 62, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Newport to Milltown should plan for substantially higher expenses across most categories.

On the housing front, median rent in Milltown is $633/month compared to $569/month in Newport — a 11% difference. Home values follow the same pattern: Newport is more affordable at $58,800 median vs $125,600.

Median household income in Milltown is $58,419 compared to $46,667 in Newport (+25.2%). While Milltown is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Milltown spend roughly 13% of their income on rent, less than the 14.6% in Newport.