Newport, NY is a small town located in the Hudson Valley region of New York. It is known for its quaint and picturesque town center and great quality of life features. The cost of living in Newport is relatively low and affordable, with a two bedroom rent costing just $890 compared to the US average of $1,430. Additionally, grocery costs are slightly lower too with a grocery cost index rating of 99 compared to the US average of 100. This makes it an ideal place to live for many people on a budget. Newport also has many local businesses including popular restaurants such as Mama's Café and The Waterfront Bar & Grill as well as excellent clothing stores like Chique Boutique and Upstate Couture. With so much to offer at an affordable price point, Newport is a great place to call home.
Newport has an unemployment rate of 8.3%. The US average is 6.0%.
Newport has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 21.0%, which is lower than the US average of 33.5%.
Tax Rates for Newport
- The Sales Tax Rate for Newport is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Newport is 6.5%. 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 $23,998 a year. The US average is $28,555 a year.
- The Median household income of a Newport resident is $63,583 a year. The US average is $69,021 a year.