The city of Newport, TN (37821) is a great place to live due to its low cost of living. The 2 Bedroom rent in Newport is just $750, which is much lower than the US average of $1,430. Additionally, grocery costs are even more affordable with the grocery cost index in Newport being 94 compared to 100 nationwide. This makes it a great option for those looking for an inexpensive housing option.
Newport also offers many local businesses and amenities that make daily life easier. For instance, there’s the Newport Medical Center, Walmart Supercenter, Pigeon Valley Pharmacy and Deli and several restaurants such as Big E's BBQ. There are also many churches and schools located in the area for families looking to relocate. Residents can also enjoy outdoor activities at nearby White Rock Park or Douglas Lake.
With its lower rent prices and budget-friendly food options, Newport is an ideal location for those wanting to save money while still having access to quality amenities that make everyday living easier and more enjoyable.
Newport (zip 37821) has an unemployment rate of 6.8%. The US average is 6.0%.
Newport (zip 37821) has seen the job market decrease by -7.9% over the last year. Future job growth over the next ten years is predicted to be 33.7%, which is higher than the US average of 33.5%.
Tax Rates for Newport (zip 37821)
- The Sales Tax Rate for Newport (zip 37821) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Newport (zip 37821) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newport (zip 37821)
- The average income of a Newport (zip 37821) resident is $21,975 a year. The US average is $37,638 a year.
- The Median household income of a Newport (zip 37821) resident is $38,917 a year. The US average is $69,021 a year.