Newport, TN vs Parsons, TN

Newport, TN and Parsons, TN have a very similar cost of living, with only a 1.9% difference in their overall index. Newport scores 64 while Parsons scores 63 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 $780/month compared to $731/month in Parsons — a 7% difference. Home values follow the same pattern: Parsons is more affordable at $107,400 median vs $124,300.

Median household income in Newport is $40,096 compared to $32,129 in Parsons (+24.8%). While Newport 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 23.3% of their income on rent, less than the 27.3% in Parsons.