Zip 02842 (Newport East, RI) Economy


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Newport East, RI (02842) is a neighborhood located in Newport County. It is bordered by towns and cities including Middletown, Portsmouth, Tiverton and Jamestown. The 2 bedroom rent average in Newport East is $1,950 which is significantly higher than the average US rent of $1,430. Additionally, the grocery cost index in Newport East is 108 compared to the US average of 100.
The area offers plenty of recreational activities for its locals as well as tourists alike. The beaches in Newport are some of the best on the east coast and offer great views of Narragansett Bay. There are also many parks such as Fort Adams State Park where visitors can go to enjoy nature trails and outdoor activities like fishing and camping. In addition to this there are museums such as The International Tennis Hall of Fame which houses exhibits pertaining to tennis history along with interactive games for kids.
Local businesses near Newport East include Foxy Lady Charters which provides fishing charters for those interested in experiencing Narragansett Bay’s abundant marine life or Coastal Roasters Coffee Company which offers locally roasted coffee beans and espresso drinks. Other places such as Pallas Cafe & Market provide freshly-made sandwiches and pastries while J&S Liquor Store offers an array of beer, wine and spirits at reasonable prices. All these establishments make Newport East a great place to live or visit!

Newport East (zip 02842) has an unemployment rate of 7.3%. The US average is 6.0%.

Newport East (zip 02842) has seen the job market decrease by -8.8% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.

Tax Rates for Newport East (zip 02842)
- The Sales Tax Rate for Newport East (zip 02842) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Newport East (zip 02842) is 3.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Newport East (zip 02842)
- The average income of a Newport East (zip 02842) resident is $47,714 a year. The US average is $37,638 a year.
- The Median household income of a Newport East (zip 02842) resident is $88,211 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNewport East, Rhode IslandUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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