Newport, DE is a great city to live in for those looking for an affordable place to call home. The average two bedroom rent for Newport is currently $1,460 per month, which is slightly higher than the US average of $1,430. Additionally, grocery costs in this area are slightly higher than the US Average as well with an index of 103 compared to 100. Local companies such as Walmart and Food Lion provide residents with most of their shopping needs. Overall, Newport is known for its relatively low cost of living and its many local businesses.
Newport has an unemployment rate of 6.5%. The US average is 6.0%.
Newport has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 32.9%, which is lower than the US average of 33.5%.
Tax Rates for Newport
- The Sales Tax Rate for Newport is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Newport is 6.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newport
- The average income of a Newport resident is $19,927 a year. The US average is $28,555 a year.
- The Median household income of a Newport resident is $68,036 a year. The US average is $69,021 a year.