Newport, OR is a coastal town with a small population of 10,000 people that offers a unique lifestyle of outdoor activities and quaint shops. With its moderate climate, Newport has become an attractive location for tourists and locals alike. The cost of living in Newport is slightly lower than the national average, with two-bedroom rentals costing about $1,380 per month and the grocery cost index at 101 versus 100 in the US. The city is known for its abundance of seafood restaurants along its waterfront and an array of retail stores such as Rogue Ales & Spirits, Big Kite Brewing Company, and Pacific Oyster Co. which add to the local feel of the town. Whether you’re looking for a weekend getaway or a place to call home, Newport offers an enjoyable atmosphere with plenty of opportunities to explore and enjoy the great outdoors.
Newport has an unemployment rate of 8.7%. 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 33.3%, 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 9.0%. 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 $26,407 a year. The US average is $28,555 a year.
- The Median household income of a Newport resident is $52,897 a year. The US average is $69,021 a year.