Newport News cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexNewport NewsVirginiaNational
Cost of living index102108100
IndexNewport NewsVirginiaNational
Goods & Services index104100100
Groceries index9194100
Health care index10999100
Housing index109133100
Transportation index10493100
Utilities index85100100
An overview of the general cost of living index for Newport News, VA is displayed above for your reference. Residents in Newport News, VA enjoy a cost of living index of 102. This index is 6% lower than the Virginia average, and 2% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Newport News, VA, the average cost of goods and services is 4% higher than it is in Virginia, and it is 4% higher than the national average.

Did you know?

  • The cost of living in Newport News is 6% lower than the Virginia average.
  • The cost of living in Newport News is 2% higher than the national average.
  • The cost of housing in Newport News is 9% higher than the national average.
  • Virginia general sales tax is 4% higher than the national average.
  • Virginia state income tax is 10% lower than the national average.

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Salary Calculator

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Use the salary calculator to compare your current income in Newport News, VA to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Newport News, VA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Newport News, VA salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$68,613$5,718$1,601$2,059
Renters$36,220$3,018$845$1,087
If you want to find a good determining factor for the cost of living and the general affordability of housing in Newport News, VA, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Newport News, VA, the median monthly income is $68,613 for those who own their own homes. Under the standard rule, that income level would allow for $1,601 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $36,220, per the median income in the area. That would allow for renters to spend up to $845 on monthly rental expenses.

Virginia Sales Tax

StateGeneral Sales TaxWith Max Surtax
Virginia5.3%6%

Virginia Income Tax

StateIncome Tax (Low)Income Tax (High)
Virginia2%5.75%
For those who live in Newport News, VA and want to know what the true cost of living is, they ought to look at both the Virginia income tax rate and the Virginia sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Virginia, the sales tax is 5.3%, while the most you'll pay in surtax is 6%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Virginia, the income tax rate ranges between 2% to 5.75%.

Goods & Services

ItemNewport NewsNational avg.Difference
Haircut $13.80$14.595.4%
Beauty Salon $37.60$34.688.4%
Toothpaste $1.85$2.4725.2%
Shampoo $0.87$1.0214.9%
Movie $10.50$9.876.4%
Bowling $5.28$4.3920.2%

Groceries

ItemNewport NewsNational avg.Difference
Ground Beef $4.17$4.486.9%
Fried Chicken $1.19$1.4618.7%
Milk $1.93$2.3618.1%
Potatoes $3.42$3.0611.7%
Pizza $8.00$9.2413.4%
Beer $10.25$8.6318.7%

Health Care

ItemNewport NewsNational avg.Difference
Optometrist $95.00$99.784.8%
Doctor $115.50$105.0310.0%
Dentist $98.33$88.7010.9%
Ibuprofen $7.98$9.4115.2%
Lipitor $346.03$298.5015.9%

Housing

ItemNewport NewsNational avg.Difference
Home Price $194,600.00$175,700.0010.8%
Avg. Mortgage Payment $991.43$1,081.038.3%
Apartment Rent $975.00$920.006.0%

Transportation

ItemNewport NewsNational avg.Difference
Gasoline $2.21$2.095.8%
Tire Balancing $44.77$45.291.1%

Utilities

ItemNewport NewsNational avg.Difference
All Electricity$166.11$170.802.7%
Phone $18.99$28.2632.8%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Benns Church, VA61776-24%
Rushmere, VA91096-4%
Scotland, VA188100-0%
Yorktown, VA1221011%
Hampton, VA136,9041022%
Newport News, VA181,3621022%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Grand Prairie, TX181,13599-1%
Knoxville, TN181,75984-16%
Worcester, MA182,51111818%
Brownsville, TX179,83474-26%
Santa Clarita, CA179,03013737%
Newport News, VA181,3621022%
Source: The Newport News, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.