Housing costs in Newport Beach?
A typical home costs
$2,349,500, which is 594.9% more expensive than the national average of
$338,100 and 220.3% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Newport Beach costs
$3,670 per month, which is 70.7% more than the national average of
$2,150 and 37.3% more than the state average of
$2,300.
Can I afford Newport Beach?
To live comfortably in Newport Beach (zip 92660), California, a minimum annual income of
$450,360 for a family, and
$122,000 for a single person is recommended.
What does A.I. say about Newport Beach?
The cost of living in 92660 Newport Beach, CA is significantly higher than the average US cost of living. According to data from the US Census Bureau, the median house value in 92660 Newport Beach is $2.3495e+006, much higher than the US average of 338,100. Similarly, the cost of living index for this area is 316.5, almost three times greater than the US average of 100. Consequently, those looking to buy a house in this area must be prepared to budget accordingly or find other ways to supplement their income in order to afford such a high cost of living.