Housing costs in Newport Beach?
A typical home costs
$3,665,000, which is 984.0% more expensive than the national average of
$338,100 and 399.7% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Newport Beach costs
$2,900 per month, which is 34.9% more than the national average of
$2,150 and 20.7% more than the state average of
$2,300.
Can I afford Newport Beach?
To live comfortably in Newport Beach (zip 92662), California, a minimum annual income of
$702,360 for a family, and
$96,400 for a single person is recommended.
What does A.I. say about Newport Beach?
The cost of living in 92662 Newport Beach, CA is very high. The average cost of housing is around $2,000 per month, and the median home price is approximately $1,050,000. Groceries cost about 20% more than the national average. Gasoline prices are also higher than the national average. Other costs such as utilities and transportation can be expensive as well. Due to its high costs of living, many people choose to move outside of Newport Beach in order to save money.