Newport, OR Metro Area is a great place to live due to its affordability and low cost of living. According to the information provided, the average two-bedroom rent in Newport is $1,160 which is significantly lower than the US average of $1,430. In addition, the grocery cost index in Newport is 101 compared to 100 in the US. The city serves as a hub for various industries including fishing and tourism. Some notable companies operating in Newport are Yaquina Bay Charters and Rogue Ales Brewery & Public House. There are also plenty of tourist attractions here such as Oregon Coast Aquarium, Nye Beach and Agate Beach State Park that offer endless opportunities for recreation and leisure activities.
Newport Metro Area has an unemployment rate of 8.7%. The US average is 6.0%.
Newport Metro Area 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 Metro Area
- The Sales Tax Rate for Newport Metro Area is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Newport Metro Area 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 Metro Area
- The average income of a Newport Metro Area resident is $25,130 a year. The US average is $28,555 a year.
- The Median household income of a Newport Metro Area resident is $54,961 a year. The US average is $69,021 a year.