Housing costs in Newport?
A typical home costs
$172,800, which is 48.9% less expensive than the national average of
$338,100 and 37.7% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Newport costs
$750 per month, which is 29.9% cheaper than the national average of
$1,070 and close to the state average of
$750.
Can I afford Newport?
To live comfortably in Newport (zip 37821), Tennessee, a minimum annual income of
$33,120 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Newport?
The cost of living in Newport, TN 37821 is relatively affordable. According to BestPlaces, the overall cost of living index is estimated at 84.56, which is well below the national average of 100. Housing costs make up a large portion of expenses here with an index score of 76.39 compared to the US average of 100. The median home value is also quite affordable at $117,623 as compared to the US median value of around $215,000. Renting is also quite reasonable with a median price for a one-bedroom apartment being approximately $535 per month. Utility costs are low with monthly utilities averaging about $163 for basic services like gas, electricity and internet. Overall, Newport offers an affordable cost of living that makes it a great place to live and work.