Newport, RI Cost Of Living
Cost Of Living In Newport, RI Summary
Cost of living in Newport research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Newport is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Rhode Island, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Newport is 137, with 100 being the average.
The cost of living index in Newport is 1.4x higher than the national average.
Newport ranks as the #15 cheapest in Rhode Island out of 15.
Newport ranks as the #5,488 cheapest out of 6,412 in the US.
The median home value in Newport is $529,900.
The median income in Newport is $77,092.
Table Of Contents
Newport's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Newport, RI?
According to the most recent data on the cost of living, Newport has an overall cost of living index of 137, which is 1.4x higher than the national index of 100.
Compared to Rhode Island, Newport has a cost of living index that's 1.2x higher than Rhode Island's index of 111.
The standard of living in Newport ranks as #15 most affordable out of the 15 places we measured in Rhode Island. By definition, that implies Newport ranks as the #0 most expensive place in the Ocean State.
For more reading on life in Newport, check out:
- Living In Newport
- Newport Crime Report
- Search Homes For Sale In Newport, RI
In Rhode Island
In America
Newport Cost Of Living Vs. Rhode Island
Six factors go into calculating the cost of living index in Newport. Here is how it fairs on each of the criteria:
The Services index in Newport is 117.
The Groceries index in Newport is 109.
The Health index in Newport is 107.
The Housing index in Newport is 179.
The Transportation index in Newport is 107.
The Utilities index in Newport is 125.
| Living Expense | Newport | Rhode Island | National Average | |
|---|---|---|---|---|
| Overall | 137 | 111 | 100 | |
| Services | 117 | 115 | 100 | |
| Groceries | 109 | 99 | 100 | |
| Health | 107 | 106 | 100 | |
| Housing | 179 | 116 | 100 | |
| Transportation | 107 | 101 | 100 | |
| Utilities | 125 | 118 | 100 | |
Newport, RI Housing Cost Breakdown
Housing swings affordability the most between places in Rhode Island, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Newport is $529,900.
The Median Rent in Newport is $1,400.
The Median Income in Newport is $77,092.
The Home Value To Income in Newport is 6.9x.
The Rent To Monthly Income in Newport is 0.22x.
| Statistic | Newport | Rhode Island | United States |
|---|---|---|---|
| Median Home Value | $529,900 | $292,600 | $244,900 |
| Median Rent | $1,400 | $1,097 | $1,163 |
| Median Income | $77,092 | $74,489 | $69,021 |
| Home Value To Income | 6.9x | 3.9x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Newport, RI Costs By Category
Detailed Newport Services Costs Vs. Rhode Island
| Item | Newport | Rhode Island |
|---|---|---|
| Shampoo | $0.96 | $1.06 |
| Movie | $12.75 | $10.68 |
| Bowling | $19.67 | $14.67 |
| Haircut | $24.44 | $18.62 |
| Beauty Salon | $48.53 | $39.05 |
Detailed Newport Groceries Costs Vs. Rhode Island
| Item | Newport | Rhode Island |
|---|---|---|
| Ground Beef | $3.82 | $4.22 |
| Fried Chicken | $1.75 | $1.39 |
| Milk | $2.52 | $2.05 |
| Potatoes | $4.11 | $3.29 |
| Pizza | $10.49 | $10.62 |
| Beer | $10.32 | $9.38 |
| Toothpaste | $2.53 | $2.34 |
Detailed Newport Health Costs Vs. Rhode Island
| Item | Newport | Rhode Island |
|---|---|---|
| Optometrist | $131.39 | $108.57 |
| Doctor | $157.87 | $116.17 |
| Dentist | $92.75 | $99.13 |
Detailed Newport Transportation Costs Vs. Rhode Island
| Item | Newport | Rhode Island |
|---|---|---|
| Gasoline | $2.15 | $2.22 |
| Tire Balancing | $62.0 | $50.07 |
Detailed Newport Utilities Costs Vs. Rhode Island
| Item | Newport | Rhode Island |
|---|---|---|
| All Electricity | $240.57 | $167.67 |
| Phone | $189.01 | $175.64 |
Newport SnackAbility
/10
Cost Of Living In Cities Around Newport
The cost of living varies in the cities and towns around Newport. Here's a quick look at the cost of living in the most populous nearby places:
Warwick, RI has a cost of living index of 115, 0.8x Newport.
Somerset, MA has a cost of living index of 121, 0.9x Newport.
Newport East, RI has a cost of living index of 126, 0.9x Newport.
| City | Population | Cost Of Living | Vs. Newport |
|---|---|---|---|
| Warwick, RI | 82,666 | 115 | 0.8x |
| Somerset, MA | 18,271 | 121 | 0.9x |
| Newport East, RI | 11,903 | 126 | 0.9x |
| Tiverton, RI | 8,240 | 119 | 0.9x |
| Kingston, RI | 6,496 | 129 | 0.9x |
