Housing costs in Newport?
A typical home costs
$220,200, which is 34.9% less expensive than the national average of
$338,100 and 34.1% less expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Newport costs
$990 per month, which is 30.8% cheaper than the national average of
$1,430 and 26.3% cheaper than the state average of
$1,250.
Can I afford Newport?
To live comfortably in Newport (zip 04953), Maine, a minimum annual income of
$42,120 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Newport?
The cost of living in 04953 Newport, ME is relatively low compared to many other areas of the state. The median home value in the area is around $90,000 and the median rent price is approximately $719 per month. Additionally, transportation costs are minimal due to its easy access to public transit and the cost of groceries is also lower than the state average. Overall, Newport offers a great quality of life at an affordable price for both residents and those looking for a new place to call home.