Housing costs in Newport?
A typical home costs
$212,900, which is 37.0% less expensive than the national average of
$338,100 and 36.3% less expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Newport costs
$970 per month, which is 32.2% more than the national average of
$1,430 and 28.9% more than the state average of
$1,250.
Can I afford Newport?
To live comfortably in Newport, Maine, a minimum annual income of
$40,680 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Newport?
The cost of living in Newport, ME is relatively affordable compared to other regions in the state. The median home cost in Newport is approximately $120,000 according to the most recent census data. This makes it an attractive option for people looking for a more affordable place to live. The area also has a low average cost of living index, with housing being one of the biggest factors. Additionally, the unemployment rate is below the national average and there are many opportunities for employment in local businesses and industries. With its proximity to larger cities like Boston and Portland, Newport is a great choice for those looking for a more relaxed lifestyle without having to sacrifice convenience or affordability.