Newport, KY Cost Of Living

The latest cost of living statistics for Newport. Includes statistics on rent, mortgages, healthcare, and other costs for Newport compared to the state and national averages.

Cost of living in Newport, Kentucky

Cost of living in Newport 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 is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Kentucky, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

90 Cost of living index 0.9x lower vs US
#33 Cheapest in Kentucky (of 85)
#1,055 Cheapest in the U.S. (of 6,489)
$242,641 Median home value
$1,087 Median rent
$60,853 Median income
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What is the cost of living in Newport, KY?

According to the most recent data on the cost of living, Newport has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.

Compared to Kentucky, Newport has a cost of living index that's 1.0x higher than Kentucky's index of 89.

The standard of living in Newport ranks as #33 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Newport ranks as the #52 most expensive place in the Bluegrass State.

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Newport Cost Of Living Vs. Kentucky

Six factors go into calculating the cost of living index in Newport. Here is how it fares on each of the criteria:

  • The Services index in Newport is 98.

  • The Groceries index in Newport is 94.

  • The Health index in Newport is 83.

  • The Housing index in Newport is 95.

  • The Transportation index in Newport is 95.

  • The Utilities index in Newport is 94.

Living Expense Newport Kentucky National Average
Overall 90 89 100
Services 98 100 100
Groceries 94 98 100
Health 83 68 100
Housing 95 98 100
Transportation 95 95 100
Utilities 94 96 100

Newport Cost Of Living Compared To Kentucky Averages

Services
Newport 98
Kentucky avg 100
Groceries
Newport 94
Kentucky avg 98
Health
Newport 83
Kentucky avg 68
Housing
Newport 95
Kentucky avg 98
Transportation
Newport 95
Kentucky avg 95
Utilities
Newport 94
Kentucky avg 96

Index where 100 = national average. Source: cost-of-living index 2026.

For more reading on cost of living around Kentucky, check out:

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Source: Cost-of-living index 2026, normalized to US average = 100

Newport, KY Housing Cost Breakdown

$242,641Median Home Value
$1,087Median Rent
$60,853Median Income

Housing swings affordability the most between places in Kentucky, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:

  • The Median Home Value in Newport is $242,641.

  • The Median Rent in Newport is $1,087.

  • The Median Income in Newport is $60,853.

  • The Home Value To Income in Newport is 4.0x.

  • The Rent To Monthly Income in Newport is 0.21x.

Statistic Newport Kentucky United States
Median Home Value $242,641 $231,894 $332,700
Median Rent $1,087 $967 $1,413
Median Income $60,853 $63,726 $80,734
Home Value To Income 4.0x 3.6x 4.1x
Rent To Monthly Income 0.21x 0.18x 0.21x

Newport, KY Costs By Category

Detailed Newport Services costs vs. Kentucky
Item Newport Kentucky
Shampoo $1.27 $1.28
Movie $14.35 $12.13
Bowling $17.56 $18
Haircut $25.13 $24.26
Beauty Salon $37.93 $45.56
Detailed Newport Groceries costs vs. Kentucky
Item Newport Kentucky
Ground Beef $5.91 $5.84
Fried Chicken $1.72 $1.57
Milk $4.8 $4.67
Potatoes $5.05 $4.93
Pizza $11.92 $12.09
Beer $10.63 $10.41
Toothpaste $3.6 $3.7
Detailed Newport Health costs vs. Kentucky
Item Newport Kentucky
Optometrist $105.42 $125.68
Doctor $159.4 $135.78
Dentist $106.67 $113.29
Detailed Newport Transportation costs vs. Kentucky
Item Newport Kentucky
Gasoline $3.27 $3.46
Tire Balancing $73.09 $59.92
Detailed Newport Utilities costs vs. Kentucky
Item Newport Kentucky
All Electricity $197.1 $193.99
Phone $186.48 $192.25

Newport SnackAbility

6Overall SnackAbility
Jobs 5/10
Housing 6/10
Affordability 5/10
Diversity 7/10
Safety 5/10
Amenities 9/10
Education 7/10
Commute 8/10

Cost Of Living In Cities Around Newport

The cost of living varies in the cities and towns around Newport. Here's a quick look at the cost of living in the most populous nearby places:

  • Fort Thomas, KY has a cost of living index of 103, 1.1x Newport.

  • Monfort Heights, OH has a cost of living index of 94, 1.0x Newport.

  • Mack, OH has a cost of living index of 104, 1.2x Newport.

City Population Cost Of Living Vs. Newport
Fort Thomas, KY 17,169 103 1.1x
Monfort Heights, OH 12,441 94 1.0x
Mack, OH 11,516 104 1.2x
Montgomery, OH 10,855 122 1.4x
Forestville, OH 10,831 106 1.2x
Madeira, OH 9,484 118 1.3x
Wyoming, OH 8,723 116 1.3x
Kenwood, OH 8,326 108 1.2x
Dry Run, OH 7,687 116 1.3x
Covedale, OH 6,500 96 1.1x