Newport 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.
IndexNewportOregonNational
Cost of living index114117100
IndexNewportOregonNational
Goods & Services index122122100
Groceries index116116100
Health care index114114100
Housing index115122100
Transportation index111111100
Utilities index8989100
Here we can see a simple outline of the cost of living in Newport, OR. As you can see, with the average cost of living in Newport, OR being 114, that puts it 2% lower than the average of Oregon and 14% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Newport, OR, the price of goods and services are equal to the average of Oregon as well as 22% higher than the nation's average.

Did you know?

  • The cost of living in Newport is 2% lower than the Oregon average.
  • The cost of living in Newport is 14% higher than the national average.
  • The cost of housing in Newport is 15% higher than the national average.
  • Oregon general sales tax is 100% lower than the national average.
  • Oregon state income tax is 125% higher than the national average.

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Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Newport, OR to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Newport, OR, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Newport, OR salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$53,620$4,468$1,251$1,609
Renters$30,534$2,545$712$916
The affordability of the housing market in Newport, OR as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Newport, OR homeowners, the median income is $53,620. This indicates that a monthly maximum of $1,251 should be spent by homeowners on all housing related costs. Renters have a median income of $30,534. This indicates that renters should have a maximum of $712 used for their rent related monthly costs.

Oregon Sales Tax

StateGeneral Sales TaxWith Max Surtax
Oregon0%0%

Oregon Income Tax

StateIncome Tax (Low)Income Tax (High)
Oregon5%9.9%
For those who live in Newport, OR and want to know what the true cost of living is, they ought to look at both the Oregon income tax rate and the Oregon 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 Oregon, the sales tax is 0%, while the most you'll pay in surtax is 0%. 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 Oregon, the income tax rate ranges between 5% to 9.9%.

Goods & Services

ItemNewportNational avg.Difference
Haircut $25.20$14.5972.7%
Beauty Salon $46.60$34.6834.4%
Toothpaste $3.42$2.4738.3%
Shampoo $1.72$1.0268.3%
Movie $10.15$9.872.9%
Bowling $3.45$4.3921.4%

Groceries

ItemNewportNational avg.Difference
Ground Beef $4.65$4.483.9%
Fried Chicken $2.69$1.4683.7%
Milk $1.97$2.3616.4%
Potatoes $2.73$3.0610.8%
Pizza $11.00$9.2419.0%
Beer $8.85$8.632.5%

Health Care

ItemNewportNational avg.Difference
Optometrist $124.50$99.7824.8%
Doctor $131.85$105.0325.5%
Dentist $101.00$88.7013.9%
Ibuprofen $14.45$9.4153.5%
Lipitor $251.31$298.5015.8%

Housing

ItemNewportNational avg.Difference
Home Price $221,000.00$175,700.0025.8%
Avg. Mortgage Payment $1,517.59$1,081.0340.4%
Apartment Rent $827.00$920.0010.1%

Transportation

ItemNewportNational avg.Difference
Gasoline $2.30$2.099.9%
Tire Balancing $52.33$45.2915.6%

Utilities

ItemNewportNational avg.Difference
All Electricity$151.02$170.8011.6%
Phone $25.01$28.2611.5%
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.
Siletz, OR1,6841055%
Toledo, OR3,4491088%
Waldport, OR1,92211010%
Depoe Bay, OR1,62212222%
Newport, OR10,04511414%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Marlboro Village, MD10,04612020%
Capitola, CA10,04314848%
Plymouth, IN10,04881-19%
Highland City, FL10,04094-6%
Carroll, IA10,05183-17%
Newport, OR10,04511414%
Source: The Newport, OR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.