Housing costs in Newport?
A typical home costs
$199,100, which is 41.1% less expensive than the national average of
$338,100 and 2.5% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Newport costs
$1,030 per month, which is 28.0% cheaper than the national average of
$1,430 and 10.7% more than the state average of
$920.
Can I afford Newport?
To live comfortably in Newport, Kentucky, a minimum annual income of
$38,160 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Newport?
The cost of living in Newport, KY is relatively low when compared to other cities in the region. The median home value is estimated to be around $80,000, making it more affordable than nearby Cincinnati and Louisville where the median home values are much higher. Additionally, the average rent for a one-bedroom apartment is just over $600 a month while utilities stay at an average of about $99 a month. With its low taxes and access to affordable housing and amenities, Newport is an attractive option for anyone looking to save money without sacrificing quality of life.