Housing costs in Newport?
A typical home costs
$477,000, which is 41.1% more expensive than the national average of
$338,100 and 1.8% more expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Newport costs
$1,380 per month, which is 3.5% cheaper than the national average of
$1,430 and 10.1% cheaper than the state average of
$1,520.
Can I afford Newport?
To live comfortably in Newport, Oregon, a minimum annual income of
$91,440 for a family, and
$42,800 for a single person is recommended.
What does A.I. say about Newport?
The cost of living in Newport, OR is relatively low compared to the rest of the country. According to government data, the average price for a home in Newport was $231,400 in 2019, and rent costs are also lower than average. The overall cost of living index is around 93.2, 11 points lower than the national average. In addition to being affordable, Newport offers a variety of amenities such as restaurants and shopping centers that are within budget and provide quality services and goods. This makes it a great place for families or individuals who are looking for an affordable yet enjoyable place to live.