Housing costs in Newport?
A typical home costs
$176,800, which is 47.7% less expensive than the national average of
$338,100 and 36.3% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Newport costs
$750 per month, which is 47.6% cheaper than the national average of
$1,430 and 42.7% cheaper than the state average of
$1,070.
Can I afford Newport?
To live comfortably in Newport, Tennessee, a minimum annual income of
$33,840 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Newport?
The cost of living in Newport, TN is quite affordable. Housing costs are low, with the median home value being just under $100,000. Utilities and groceries are also quite affordable, with electricity rates being among the lowest in the state. Property taxes are also relatively low when compared to other areas of Tennessee. Although it may be more expensive than some rural areas, Newport remains a very budget-friendly place to live overall.