Newport, KY vs Nicholasville, KY

Newport, KY and Nicholasville, KY have a very similar cost of living, with only a 1.7% difference in their overall index. Newport scores 81 while Nicholasville scores 80 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 Newport is $994/month compared to $996/month in Nicholasville — a 0% difference. Interestingly, home values tell a different story: while Newport has cheaper rent, Nicholasville actually has lower median home values ($210,700 vs $221,100).

Median household income in Newport is $58,422 compared to $67,514 in Nicholasville (-13.5%). Nicholasville 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 20.4% of their income on rent, more than the 17.7% in Nicholasville.