Newport, SC is a great place to visit or even call home. It features relatively low rent costs, averaging around $1,200 for two bedroom apartments, which is significantly lower than the national average of $1,430. Additionally, the city has an index value that gauges grocery cost at 97 compared to 100 in the US. This means that groceries are more affordable here than in other parts of the country. Newport offers many local businesses and attractions like the Sullivans Island Lighthouse Museum & Marine Center, Magnolia Gardens Plantation & Gardens, and Shem Creek Park. There are also several popular restaurants such as The Boardwalk Inn Restaurant & Bar and Blondies Seafood & Oyster Bar. Whether you're looking for a day trip or a place to stay longer-term, Newport is worth considering.
Newport has an unemployment rate of 4.5%. The US average is 6.0%.
Newport has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 42.3%, which is higher than the US average of 33.5%.
Tax Rates for Newport
- The Sales Tax Rate for Newport is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Newport is 7.0%. 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 $41,575 a year. The US average is $37,638 a year.
- The Median household income of a Newport resident is $82,356 a year. The US average is $69,021 a year.