Newport, TN vs Springfield, TN

There is a significant gap in the cost of living between these two cities. Newport is 25.8% cheaper than Springfield. With a cost index of 64 vs 87, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Newport to Springfield should plan for substantially higher expenses across most categories.

On the housing front, median rent in Newport is $780/month compared to $1,107/month in Springfield — a 30% difference. Home values follow the same pattern: Newport is more affordable at $124,300 median vs $235,200.

Median household income in Newport is $40,096 compared to $58,741 in Springfield (-31.7%). While Springfield 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 22.6% in Springfield.