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Newport Beach, CA Cost of Living

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177%
Overall NAT. AVG.
10%
Goods & Services NAT. AVG.
566%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Newport Beach California National
Cost of living277140100
Goods & Services110109100
Groceries112112100
Health care102109100
Housing666196100
Transportation132132100
Utilities89127100

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Key findings

  • The cost of living in Newport Beach is 98% higher than the California average
  • The cost of living in Newport Beach is 177% higher than the national average
  • Newport Beach housing is 566% higher than the national average
  • California general sales tax is 42% higher than the national average
  • California state income tax is 59% lower than the national average

Most Affordable Places to Live in and Around Newport Beach

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Compare Newport Beach, CA Cost of Living

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      The best places in California

      Here are the best places to live in CaliforniaThese are the 10 most affordable cities in CaliforniaTop 10 best public schools in Newport BeachCheck out the 10 safest cities in California

      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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$154,306$12,859$3,600$4,630
      Renters$84,395$7,033$1,969$2,532
      A good indicator of the general affordability of housing in Newport Beach, CA, 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 Beach, the median monthly income is $154,306 for those who own their own homes. Under the standard rule, that income level would allow for $3,600 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $84,395, per the median income in the area. That would allow for renters to spend up to $1,969 on monthly rental expenses.

      California Sales Tax

      State General Sales Tax With Max Surtax
      California 7.25% 10.5%

      California Income Tax

      State Income Tax (Low) Income Tax (High)
      California 1% 13.3%

      Goods & Services

      Item Newport Beach National avg. Difference
      Haircut $24.92$20.2722.9%
      Beauty Salon $59.67$40.3947.7%
      Toothpaste $2.16$2.368.3%
      Shampoo $1.33$1.0823.3%
      Movie $14.78$10.9934.6%
      Bowling $21.11$15.4936.3%

      Groceries

      Item Newport Beach National avg. Difference
      Ground Beef $4.41$4.302.5%
      Fried Chicken $1.79$1.4028.2%
      Milk $2.30$2.204.4%
      Potatoes $2.99$3.227.1%
      Pizza $11.99$10.7411.6%
      Beer $9.93$9.603.5%

      Health Care

      Item Newport Beach National avg. Difference
      Optometrist $105.28$109.734.0%
      Doctor $95.00$118.3419.7%
      Dentist $114.80$100.9413.7%
      Ibuprofen $11.49$9.9315.7%
      Lipitor $487.47$469.533.8%

      Housing

      Item Newport Beach National avg. Difference
      Home Price $1,584,900.00$184,700.00758.1%
      Avg. Mortgage Payment $3,443.41$1,229.62180.0%
      Apartment Rent $2,058.00$949.00116.9%

      Transportation

      Item Newport Beach National avg. Difference
      Gasoline $3.94$2.7145.3%
      Tire Balancing $57.17$51.8610.2%

      Utilities

      Item Newport Beach National avg. Difference
      All Electricity $146.77$170.8414.1%
      Phone $174.14$187.187.0%
      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 Population Cost of Living Index National Avg.
      Laguna Woods, CA16,34711717.4%
      Hawaiian Gardens, CA14,46812120.6%
      Stanton, CA38,59412625.6%
      Seal Beach, CA24,51012827.8%
      Santa Ana, CA333,60513333.3%
      Newport Beach, CA86,813277176.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Alafaya, FL86,8681066.3%
      Hawthorne, CA86,93813838.1%
      Carmel, IN86,94011212.5%
      Whittier, CA86,63014140.6%
      Suffolk, VA87,0611076.6%
      Newport Beach, CA86,813277176.6%
      Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.
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