Newport, MO is a small town located in Missouri with an affordable cost of living. The average two bedroom rent in Newport is $750 a month, which is much lower when compared to the average two bedroom rent in the United States at $1,430. Additionally, grocery costs are also significantly lower in Newport with a grocery cost index of 94 versus 100 in the US. For those looking for affordable living, Newport is an ideal location. Not only does it have low costs for housing and groceries but also has a variety of local businesses that provide job opportunities and other services. These include Walmart Distribution Center, Ozark Mountain Poultry, Inc., Shur-Gain Feed Mill and Corning Inc., just to name a few. All these factors make Newport an excellent place to live and work with plenty of options for affordable housing and leisure activities available at very reasonable prices.
Newport has an unemployment rate of 3.4%. The US average is 6.0%.
Newport has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 19.3%, which is lower than the US average of 33.5%.
Tax Rates for Newport
- The Sales Tax Rate for Newport is 7.7%. The US average is 7.3%.
- The Income Tax Rate for Newport is 5.9%. 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 $19,217 a year. The US average is $28,555 a year.
- The Median household income of a Newport resident is $65,913 a year. The US average is $69,021 a year.