Housing costs in Newport Beach?
A typical home costs
$3,177,600, which is 839.8% more expensive than the national average of
$338,100 and 333.2% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Newport Beach costs
$3,880 per month, which is 80.5% more than the national average of
$2,150 and 40.7% more than the state average of
$2,300.
Can I afford Newport Beach?
To live comfortably in Newport Beach (zip 92625), California, a minimum annual income of
$608,760 for a family, and
$129,200 for a single person is recommended.
What does A.I. say about Newport Beach?
The cost of living in 92625 Newport Beach, CA is significantly higher than the national average, with a housing index of 246.3 compared to the national average of 100. The median home value is $2,247,800 and monthly rent for a 2-bedroom apartment averages around $2,850. Prices for food and other goods are higher than the national average, and local taxes are also higher than the national average. Despite this high cost of living, Newport Beach remains an attractive destination due to its beautiful beaches and excellent schools.