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.
IndexNewportSouth CarolinaNational
Cost of living index10195100
IndexNewportSouth CarolinaNational
Goods & Services index97101100
Groceries index100109100
Health care index101100100
Housing index10480100
Transportation index10093100
Utilities index110104100
A general overview of the cost of living index for Newport, SC is displayed above. In Newport, SC, the overall cost of living index is 101, which is 6% higher than the South Carolina average and 1% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Newport, SC, the city's goods and services are 3% lower than the South Carolina average and 3% lower than the U.S. average.

Did you know?

  • The cost of living in Newport is 6% higher than the South Carolina average.
  • The cost of living in Newport is 1% higher than the national average.
  • The cost of housing in Newport is 4% higher than the national average.
  • South Carolina general sales tax is 18% higher than the national average.
  • South Carolina state income tax is 100% lower 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 allows you to compare how much your current salary in Newport, SC would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Newport, SC, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Newport, SC salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
If you want to find a good determining factor for the cost of living and the general affordability of housing in Newport, SC, 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, SC, the median monthly income is $67,031 for those who own their own homes. Under the standard rule, that income level would allow for $1,564 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $46,845, per the median income in the area. That would allow for renters to spend up to $1,093 on monthly rental expenses.

South Carolina Sales Tax

StateGeneral Sales TaxWith Max Surtax
South Carolina6%9%

South Carolina Income Tax

StateIncome Tax (Low)Income Tax (High)
South Carolina0%7%
One thing to keep in mind when considering the cost of living in Newport, SC is the South Carolina sales tax and South Carolina income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The South Carolina sales tax rate is 6% and the maximum surtax that can be charged is 9%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The South Carolina income tax rates range from 0% to 7%.

Goods & Services

ItemNewportNational avg.Difference
Haircut $12.40$14.5915.0%
Beauty Salon $36.40$34.685.0%
Toothpaste $2.52$2.471.9%
Shampoo $1.08$1.025.7%
Movie $10.39$9.875.3%
Bowling $5.97$4.3935.9%


ItemNewportNational avg.Difference
Ground Beef $4.51$4.480.7%
Fried Chicken $1.59$1.468.6%
Milk $2.59$2.369.9%
Potatoes $3.37$3.0610.1%
Pizza $8.49$9.248.1%
Beer $8.34$8.633.4%

Health Care

ItemNewportNational avg.Difference
Optometrist $119.20$99.7819.5%
Doctor $95.20$105.039.4%
Dentist $91.20$88.702.8%
Ibuprofen $9.12$9.413.1%
Lipitor $322.28$298.508.0%


ItemNewportNational avg.Difference
Home Price $199,700.00$175,700.0013.7%
Avg. Mortgage Payment $879.18$1,081.0318.7%
Apartment Rent $742.00$920.0019.3%


ItemNewportNational avg.Difference
Gasoline $2.19$2.094.9%
Tire Balancing $39.18$45.2913.5%


ItemNewportNational avg.Difference
All Electricity$170.61$170.800.1%
Phone $35.01$28.2623.9%
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.
Sharon, SC46086-14%
Riverview, SC23288-12%
Lowrys, SC20289-11%
York, SC7,91391-9%
Clover, SC5,32193-7%
Newport, SC3,7241011%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Aledo, IL3,72486-14%
Clyde, TX3,72386-14%
Rochester, IL3,72597-3%
Village Green, NY3,72291-9%
South Toms River, NJ3,72211616%
Newport, SC3,7241011%
Source: The Newport, SC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.