Newport Beach, CA Cost Of Living
Cost Of Living In Newport Beach, CA Summary
Cost of living in Newport Beach research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Newport Beach is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in California, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Newport Beach is 325, with 100 being the average.
The cost of living index in Newport Beach is 3.2x higher than the national average.
Newport Beach ranks as the #614 cheapest in California out of 634.
Newport Beach ranks as the #6,469 cheapest out of 6,489 in the US.
The median home value in Newport Beach is $3,446,521.
The median income in Newport Beach is $158,461.
Table Of Contents
Newport Beach's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Newport Beach, CA?
According to the most recent data on the cost of living, Newport Beach has an overall cost of living index of 325, which is 3.2x higher than the national index of 100.
Compared to California, Newport Beach has a cost of living index that's 2.3x higher than California's index of 141.
The standard of living in Newport Beach ranks as #614 most affordable out of the 634 places we measured in California. By definition, that implies Newport Beach ranks as the #20 most expensive place in the Golden State.
For more reading on life in Newport Beach, check out:
In California
In America
Newport Beach Cost Of Living Vs. California
Six factors go into calculating the cost of living index in Newport Beach. Here is how it fairs on each of the criteria:
The Services index in Newport Beach is 114.
The Groceries index in Newport Beach is 115.
The Health index in Newport Beach is 99.
The Housing index in Newport Beach is 826.
The Transportation index in Newport Beach is 124.
The Utilities index in Newport Beach is 92.
| Living Expense | Newport Beach | California | National Average | |
|---|---|---|---|---|
| Overall | 325 | 141 | 100 | |
| Services | 114 | 110 | 100 | |
| Groceries | 115 | 112 | 100 | |
| Health | 99 | 110 | 100 | |
| Housing | 826 | 195 | 100 | |
| Transportation | 124 | 125 | 100 | |
| Utilities | 92 | 128 | 100 | |
Newport Beach, CA Housing Cost Breakdown
Housing swings affordability the most between places in California, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Newport Beach is $3,446,521.
The Median Rent in Newport Beach is $3,146.
The Median Income in Newport Beach is $158,461.
The Home Value To Income in Newport Beach is 21.7x.
The Rent To Monthly Income in Newport Beach is 0.24x.
| Statistic | Newport Beach | California | United States |
|---|---|---|---|
| Median Home Value | $3,446,521 | $763,287 | $303,400 |
| Median Rent | $3,146 | $1,956 | $1,348 |
| Median Income | $158,461 | $96,334 | $78,538 |
| Home Value To Income | 21.7x | 7.9x | 3.9x |
| Rent To Monthly Income | 0.24x | 0.24x | 0.21x |
Median Home Value
Median Rent
Median Income
Newport Beach, CA Costs By Category
Detailed Newport Beach Services Costs Vs. California
| Item | Newport Beach | California |
|---|---|---|
| Shampoo | $1.34 | $1.28 |
| Movie | $11.04 | $12.13 |
| Bowling | $21.11 | $18 |
| Haircut | $27.27 | $24.26 |
| Beauty Salon | $41.78 | $45.56 |
Detailed Newport Beach Groceries Costs Vs. California
| Item | Newport Beach | California |
|---|---|---|
| Ground Beef | $5.89 | $5.84 |
| Fried Chicken | $3.49 | $1.57 |
| Milk | $4.92 | $4.67 |
| Potatoes | $4.92 | $4.93 |
| Pizza | $15.31 | $12.09 |
| Beer | $10.26 | $10.41 |
| Toothpaste | $3.61 | $3.7 |
Detailed Newport Beach Health Costs Vs. California
| Item | Newport Beach | California |
|---|---|---|
| Optometrist | $112.92 | $125.68 |
| Doctor | $95.5 | $135.78 |
| Dentist | $117.28 | $113.29 |
Detailed Newport Beach Transportation Costs Vs. California
| Item | Newport Beach | California |
|---|---|---|
| Gasoline | $4.75 | $3.46 |
| Tire Balancing | $61.38 | $59.92 |
Detailed Newport Beach Utilities Costs Vs. California
| Item | Newport Beach | California |
|---|---|---|
| All Electricity | $378.97 | $193.99 |
| Phone | $180.31 | $192.25 |
Newport Beach SnackAbility
/10
Cost Of Living In Cities Around Newport Beach
The cost of living varies in the cities and towns around Newport Beach. Here's a quick look at the cost of living in the most populous nearby places:
Santa Ana, CA has a cost of living index of 154, 0.5x Newport Beach.
Irvine, CA has a cost of living index of 198, 0.6x Newport Beach.
Huntington Beach, CA has a cost of living index of 189, 0.6x Newport Beach.
| City | Population | Cost Of Living | Vs. Newport Beach |
|---|---|---|---|
| Santa Ana, CA | 311,639 | 154 | 0.5x |
| Irvine, CA | 308,160 | 198 | 0.6x |
| Huntington Beach, CA | 196,010 | 189 | 0.6x |
| Costa Mesa, CA | 110,538 | 186 | 0.6x |
| Mission Viejo, CA | 92,415 | 184 | 0.6x |
| Lake Forest, CA | 85,846 | 175 | 0.5x |
| Tustin, CA | 79,035 | 176 | 0.5x |
| Fountain Valley, CA | 56,358 | 186 | 0.6x |
| Placentia, CA | 52,384 | 169 | 0.5x |
| Aliso Viejo, CA | 51,320 | 174 | 0.5x |
