Newport, TN vs Sevierville, TN
There is a significant gap in the cost of living between these two cities. Newport is 22% cheaper than Sevierville. With a cost index of 64 vs 83, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Newport to Sevierville should plan for substantially higher expenses across most categories.
On the housing front, median rent in Newport is $780/month compared to $1,000/month in Sevierville — a 22% difference. Home values follow the same pattern: Newport is more affordable at $124,300 median vs $264,000.
Median household income in Newport is $40,096 compared to $55,106 in Sevierville (-27.2%). While Sevierville 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, more than the 21.8% in Sevierville.
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