New Market, TN vs Sparta, TN

New Market, TN and Sparta, TN have a very similar cost of living, with only a 2.3% difference in their overall index. New Market scores 73 while Sparta scores 71 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in New Market is $946/month compared to $745/month in Sparta — a 27% difference. Interestingly, home values tell a different story: while Sparta has cheaper rent, New Market actually has lower median home values ($166,400 vs $200,600).

Median household income in New Market is $70,913 compared to $43,989 in Sparta (+61.2%). While New Market is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of New Market spend roughly 16% of their income on rent, less than the 20.3% in Sparta.