Housing costs in Newport?
A typical home costs
$212,300, which is 37.2% less expensive than the national average of
$338,100 and 2.9% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Newport costs
$1,310 per month, which is 8.4% cheaper than the national average of
$1,430 and 16.0% more than the state average of
$1,100.
Can I afford Newport?
To live comfortably in Newport (zip 48166), Michigan, a minimum annual income of
$40,680 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about Newport?
The cost of living in 48166 Newport, MI is relatively affordable. The cost of housing is very reasonable, with the median home value being $97,400 and the median rent being $719. The overall cost of living index is 81.6, which is lower than both the US and Michigan averages. Transportation costs are also quite low, as the area has access to public transportation as well as many well-maintained roads and highways for driving. Food costs are also fairly cheap in this area, with an average meal at a mid-range restaurant costing around $15. Overall, Newport offers a great quality of life at a very reasonable price.