Newport, TN vs Spring City, TN

Newport, TN and Spring City, TN have a very similar cost of living, with only a 0.3% difference in their overall index. Newport scores 64 while Spring City scores 64 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 $645/month in Spring City — a 21% difference. Interestingly, home values tell a different story: while Spring City has cheaper rent, Newport actually has lower median home values ($124,300 vs $151,600).

Median household income in Newport is $40,096 compared to $35,957 in Spring City (+11.5%). 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, more than the 21.5% in Spring City.