Housing costs in Newport?
A typical home costs
$186,900, which is 44.7% less expensive than the national average of
$338,100 and 32.6% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Newport costs
$750 per month, which is 47.6% cheaper than the national average of
$1,430 and 42.7% cheaper than the state average of
$1,070.
Can I afford Newport?
To live comfortably in Newport Tennes Metro Area, Tennessee, a minimum annual income of
$35,640 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Newport?
The cost of living in Newport, TN Metro Area is 75.7, which is significantly lower than the US average of 100. This low cost of living makes Newport an attractive location for those looking to purchase a home since the median house value in the area is only $186,900, far lower than the US average of $338,100. Additionally, with such a low cost of living residents are able to stretch their money further and enjoy more financial freedom.