Housing costs in Newport?
A typical home costs
$254,500, which is 24.7% less expensive than the national average of
$338,100 and 2.1% less expensive than the average South Carolina home, at
$259,900. Renting a two-bedroom unit in Newport costs
$1,200 per month, which is 16.1% cheaper than the national average of
$1,430 and 7.5% more than the state average of
$1,110.
Can I afford Newport?
To live comfortably in Newport, South Carolina, a minimum annual income of
$48,600 for a family, and
$42,400 for a single person is recommended.
What does A.I. say about Newport?
The cost of living in Newport, SC is relatively affordable compared to many other areas. The overall cost of living index in Newport is about 7 percent lower than the national average. Housing costs are especially low – the median home price in Newport is around $150,000, which is more than $100,000 below the national average. In addition, utilities and groceries both come at a reasonable price as well. All in all, it’s easy to see why so many people are drawn to this beautiful and affordable coastal town.