Housing costs in Newport?
A typical home costs
$215,900, which is 36.1% less expensive than the national average of
$338,100 and 37.3% less expensive than the average Vermont home, at
$344,600. Renting a two-bedroom unit in Newport costs
$950 per month, which is 33.6% cheaper than the national average of
$1,430 and 35.8% cheaper than the state average of
$1,290.
Can I afford Newport?
To live comfortably in Newport (zip 05855), Vermont, a minimum annual income of
$41,400 for a family, and
$33,600 for a single person is recommended.
What does A.I. say about Newport?
The cost of living in Newport, VT (05855) is relatively low. According to Best Places, it's 8.5% lower than the US average, making it a great place for families or people looking to save money on things like rent and groceries. The median home price is much lower than many other areas in Vermont and around the United States, with a median sale price in 2020 of only $129,450. The average rental cost is also quite affordable, coming in at only $849/month. In addition to this low cost of living, there are plenty of amenities available in Newport that provide entertainment and leisure activities for its residents.