Newport, AR vs Siloam Springs, AR
There is a significant gap in the cost of living between these two cities. Newport is 22.2% cheaper than Siloam Springs. With a cost index of 60 vs 77, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Newport to Siloam Springs should plan for substantially higher expenses across most categories.
On the housing front, median rent in Newport is $605/month compared to $941/month in Siloam Springs — a 36% difference. Home values follow the same pattern: Newport is more affordable at $132,200 median vs $205,000.
Median household income in Newport is $32,693 compared to $65,725 in Siloam Springs (-50.3%). While Siloam Springs is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Newport spend roughly 22.2% of their income on rent, more than the 17.2% in Siloam Springs.
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