Housing costs in Newport Beach?
A typical home costs
$2,256,900, which is 567.5% more expensive than the national average of
$338,100 and 207.7% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Newport Beach costs
$2,720 per month, which is 26.5% more than the national average of
$2,150 and 15.4% more than the state average of
$2,300.
Can I afford Newport Beach?
To live comfortably in Newport Beach (zip 92663), California, a minimum annual income of
$432,360 for a family, and
$90,400 for a single person is recommended.
What does A.I. say about Newport Beach?
The cost of living in 92663 Newport Beach, CA is high compared to the national average. The median home price in this area is $1,367,800, which is significantly more than the median home price for the United States. Other expenses such as groceries and health care are higher than average as well. In addition to the costs associated with buying a home, there are also taxes and fees that residents must pay. These can add up quickly, making it difficult for some people to make ends meet even if they have a decent income. Fortunately, there are still some affordable housing options available in Newport Beach for those who cannot afford a house in this expensive beachfront city.