Newport, RI Cost Of Living

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Updated: 2020-03-08
Newport's Overall Cost Of Living
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Newport is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Newport, RI?

According to the most recent data on the cost of living, Newport has an overall cost of living index of 133 which is 1.3x higher than the national index of 100.

Compared to only Rhode Island, Newport has a cost of living index that's 1.2x higher than Rhode Island's index of 115.

The standard of living in Newport ranks as #5377 most affordable out of the 6522 places we measured in Rhode Island. By definition, that implies Newport ranks as the #1030 most expensive place in the Ocean State.

For more reading on life in Newport, check out:

Newport Cost Of Living Vs. Rhode Island

Living Expense Newport Rhode Island National Average
Overall 133 115 100
Services 115 115 100
Groceries 105 105 100
Health 107 107 100
Housing 179 120 100
Transportation 110 110 100
Utilities 124 124 100
For more reading on cost of living around Rhode Island, check out:
Newport Cost of Living Vs. RI

Newport, RI Housing Cost Breakdown

Housing swings affordability the most between places in Rhode Island, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Newport Rhode Island United States
Median Home Value $425,400 $249,800 $204,900
Median Rent $1,200 $981 $1,023
Median Income $65,431 $63,296 $60,293
Home Value To Income 6.5x 3.9x 3.4x
Rent To Monthly Income 0.22x 0.19x 0.2x

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Cost Of Living In Cities Around Newport

City Population Cost Of Living Vs. Newport
Warwick, RI 81,079 112 0.8x
Somerset, MA 18,207 119 0.9x
Newport East, RI 11,561 124 0.9x
Wakefield-Peacedale, RI 9,092 123 0.9x
Tiverton, RI 7,757 116 0.9x
Kingston, RI 6,789 126 0.9x

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