Housing costs in Newport?
A typical home costs
$451,000, which is 33.4% more expensive than the national average of
$338,100 and 3.7% less expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Newport costs
$1,390 per month, which is 8.6% cheaper than the national average of
$1,520 and 16.5% more than the state average of
$1,160.
Can I afford Newport?
To live comfortably in Newport (zip 97365), Oregon, a minimum annual income of
$86,400 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about Newport?
The cost of living in 97365 Newport, OR is relatively high. According to Best Places, the estimated total monthly cost of living for a family of four with two children is $5,961. This includes housing costs, food costs, transportation costs, and healthcare costs. The median home price in Newport is around $363,000 and rental prices are significantly higher than other parts of the state. Food prices are also higher than the national average with basic groceries costing upwards of 25% more than the rest of the country. Additionally, transportation costs can be high due to limited public transport options in the area. Despite these high costs however, 97365 Newport remains an attractive place to live due to its picturesque views and temperate climate.