Newport, TN vs Strawberry Plains, TN

Newport, TN and Strawberry Plains, TN have a very similar cost of living, with only a 4.7% difference in their overall index. Newport scores 64 while Strawberry Plains scores 68 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 $676/month in Strawberry Plains — a 15% difference. Interestingly, home values tell a different story: while Strawberry Plains has cheaper rent, Newport actually has lower median home values ($124,300 vs $180,000).

Median household income in Newport is $40,096 compared to $77,855 in Strawberry Plains (-48.5%). While Strawberry Plains 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 10.4% in Strawberry Plains.