Housing costs in Newport?
A typical home costs
$196,700, which is 41.8% less expensive than the national average of
$338,100 and 19.0% less expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Newport costs
$960 per month, which is 32.9% cheaper than the national average of
$1,430 and 26.0% cheaper than the state average of
$1,210.
Can I afford Newport?
To live comfortably in Newport, Pennsylvania, a minimum annual income of
$37,800 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Newport?
Newport borough, PA offers a relatively low cost of living compared to the national average. According to the Best Places Cost of Living Index, Newport Borough has an index score of 87.7, which is 13.3 points lower than the US average index score of 100. This means that goods and services in Newport Borough are 13.3% cheaper than their national counterparts on average. Housing costs in particular can be quite affordable in Newport Borough, as the median home price is $85,900, which is significantly lower than the national median home price of $231,200. Renting is also much more affordable than nationwide averages with a median monthly rent cost of $683 compared to a national median rent cost of $1,461 per month. The overall cost of living in Newport Borough makes it an appealing place for people looking for affordability without sacrificing quality of life.