Housing costs in Newport?
A typical home costs
$116,800, which is 65.5% less expensive than the national average of
$338,100 and 47.3% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Newport costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 8.9% cheaper than the state average of
$980.
Can I afford Newport?
To live comfortably in Newport, Indiana, a minimum annual income of
$22,320 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Newport?
The cost of living in Newport, IN is relatively affordable compared to other cities of similar size. The median home price in Newport is $106,000, which is much lower than the national median of $184,700. Residents also benefit from a low 2.4% property tax rate and low sales tax of 7%. The average cost for utilities such as electricity and gas are also comparatively low. Overall, Newport offers its residents an affordable cost of living that makes it an attractive place to live and work.