Housing costs in Newport?
A typical home costs
$266,400, which is 21.2% less expensive than the national average of
$338,100 and 22.4% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Newport costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 59.1% cheaper than the state average of
$1,400.
Can I afford Newport?
To live comfortably in Newport (zip 24128), Virginia, a minimum annual income of
$51,120 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Newport?
The cost of living in Newport, VA (24128) is quite reasonable. The overall cost of living index for this area is 85.8 which is lower than the national average. The median home value in Newport, VA stands at $245,400 and the median rent is $1,223 per month. Utilities tend to be on the higher side as they are about 10% higher than the national average. Groceries and transportation costs are also a bit higher than other parts of the country with groceries being 8% above and transportation being 5% above the national average respectively. Overall, Newport, VA offers an affordable cost of living which makes it desirable for those looking to move or buy a home in this area.