Housing costs in Newport?
A typical home costs
$187,400, which is 44.6% less expensive than the national average of
$338,100 and 56.6% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Newport costs
$1,420 per month, which is 0.7% cheaper than the national average of
$1,430 and 20.4% cheaper than the state average of
$1,710.
Can I afford Newport?
To live comfortably in Newport (zip 08345), New Jersey, a minimum annual income of
$36,000 for a family, and
$44,000 for a single person is recommended.
What does A.I. say about Newport?
The cost of living in 08345 Newport, NJ is higher than the national average. The median home value is $187,200, which is significantly higher than the national median at $168,000. Additionally, prices for goods and services are 9% higher than the national average. Although it may be expensive to live in this area, residents benefit from a low unemployment rate and access to high-quality schools and amenities.