Housing costs in Newport News?
A typical home costs
$242,700, which is 28.2% less expensive than the national average of
$338,100 and 29.3% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Newport News costs
$1,100 per month, which is 21.4% cheaper than the national average of
$1,400 and 20.0% cheaper than the state average of
$1,320.
Can I afford Newport News?
To live comfortably in Newport News (zip 23601), Virginia, a minimum annual income of
$46,440 for a family, and
$37,600 for a single person is recommended.
What does A.I. say about Newport News?
The cost of living in 23601 Newport News, VA is quite affordable. According to Best Places, the overall cost of living index for the city is 91.4, which is lower than the national average of 100. Additionally, housing costs are particularly low with a median home price of $162,100 and an average rent price of just $962 per month. Taxes are also relatively low compared to other regions in Virginia and the United States as a whole. Overall, 23601 Newport News provides economical options for those looking to live within the city limits or its surrounding suburbs.