Housing costs in Newport?
A typical home costs
$80,200, which is 76.3% less expensive than the national average of
$338,100 and 63.8% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Newport costs
$910 per month, which is 7.1% cheaper than the national average of
$980 and 5.5% more than the state average of
$860.
Can I afford Newport?
To live comfortably in Newport (zip 47966), Indiana, a minimum annual income of
$15,480 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Newport?
The cost of living in 47966 Newport, IN is reasonably low when compared to other parts of the state and nation. According to the Cost of Living Index, Newport has an overall index rating of 86.6 (the national average being 100). This indicates that residents enjoy a lower than average cost-of-living when compared to most cities in the US. Food costs are especially low with just 86.1 points for groceries, and local housing prices remain reasonable with the median home price being $78,600. Overall, Newport remains an attractive option for those looking for access to amenities without exorbitant living costs.