Newport, TN Cost Of Living
Cost Of Living In Newport, TN Summary
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 Tennessee, 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 is 80, with 100 being the average.
The cost of living index in Newport is 0.8x lower than the national average.
Newport ranks as the #3 cheapest in Tennessee out of 109.
Newport ranks as the #112 cheapest out of 6,489 in the US.
The median home value in Newport is $218,844.
The median income in Newport is $40,096.
Table Of Contents
Newport's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Newport, TN?
According to the most recent data on the cost of living, Newport has an overall cost of living index of 80, which is 0.8x lower than the national index of 100.
Compared to Tennessee, Newport has a cost of living index that's 0.9x lower than Tennessee's index of 90.
The standard of living in Newport ranks as #3 most affordable out of the 109 places we measured in Tennessee. By definition, that implies Newport ranks as the #106 most expensive place in the Volunteer State.
For more reading on life in Newport, check out:
In Tennessee
In America
Newport Cost Of Living Vs. Tennessee
Six factors go into calculating the cost of living index in Newport. Here is how it fairs on each of the criteria:
The Services index in Newport is 95.
The Groceries index in Newport is 96.
The Health index in Newport is 88.
The Housing index in Newport is 54.
The Transportation index in Newport is 83.
The Utilities index in Newport is 101.
| Living Expense | Newport | Tennessee | National Average | |
|---|---|---|---|---|
| Overall | 80 | 90 | 100 | |
| Services | 95 | 93 | 100 | |
| Groceries | 96 | 99 | 100 | |
| Health | 88 | 87 | 100 | |
| Housing | 54 | 81 | 100 | |
| Transportation | 83 | 89 | 100 | |
| Utilities | 101 | 95 | 100 | |
Newport, TN Housing Cost Breakdown
Housing swings affordability the most between places in Tennessee, 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 is $218,844.
The Median Rent in Newport is $780.
The Median Income in Newport is $40,096.
The Home Value To Income in Newport is 5.5x.
The Rent To Monthly Income in Newport is 0.23x.
Median Home Value
Median Rent
Median Income
Newport, TN Costs By Category
Detailed Newport Services Costs Vs. Tennessee
Detailed Newport Groceries Costs Vs. Tennessee
Detailed Newport Health Costs Vs. Tennessee
Detailed Newport Transportation Costs Vs. Tennessee
Detailed Newport Utilities Costs Vs. Tennessee
Newport SnackAbility
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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:
Asheville, NC has a cost of living index of 115, 1.4x Newport.
Morristown, TN has a cost of living index of 84, 1.1x Newport.
Sevierville, TN has a cost of living index of 96, 1.2x Newport.
| City | Population | Cost Of Living | Vs. Newport |
|---|---|---|---|
| Asheville, NC | 94,369 | 115 | 1.4x |
| Morristown, TN | 30,983 | 84 | 1.1x |
| Sevierville, TN | 18,105 | 96 | 1.2x |
| Seymour, TN | 15,914 | 94 | 1.2x |
| Alcoa, TN | 11,635 | 86 | 1.1x |
| Waynesville, NC | 10,408 | 96 | 1.2x |
| Woodfin, NC | 7,957 | 110 | 1.4x |
| Church Hill, TN | 7,057 | 89 | 1.1x |
| Jonesborough, TN | 6,056 | 94 | 1.2x |
| Erwin, TN | 6,001 | 88 | 1.1x |
