Newport, AR vs Prescott, AR

Newport is moderately more affordable than Prescott, with a 7.4% lower cost of living index. Newport scores 60 compared to 65 for Prescott, where the US average is 100. This difference means residents of Prescott can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Newport is $605/month compared to $863/month in Prescott — a 30% difference. Interestingly, home values tell a different story: while Newport has cheaper rent, Prescott actually has lower median home values ($95,100 vs $132,200).

Median household income in Newport is $32,693 compared to $29,403 in Prescott (+11.2%). Newport offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Newport spend roughly 22.2% of their income on rent, less than the 35.2% in Prescott. The Newport ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.