Newport, IN vs Selma, IN

There is a significant gap in the cost of living between these two cities. Newport is 20.8% cheaper than Selma. With a cost index of 53 vs 67, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Newport to Selma should plan for substantially higher expenses across most categories.

On the housing front, median rent in Newport is $569/month compared to $913/month in Selma — a 38% difference. Home values follow the same pattern: Newport is more affordable at $58,800 median vs $99,800.

Median household income in Newport is $46,667 compared to $62,500 in Selma (-25.3%). While Selma 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 14.6% of their income on rent, less than the 17.5% in Selma.