Cost Of Living in Newport, AR

A+

21%

Overall NAT. AVG.

5%

Goods & Services NAT. AVG.

52%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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	Arkansas	National
Cost of living	79	86	100
Goods & Services	95	98	100
Groceries	95	95	100
Health care	77	88	100
Housing	48	65	100
Transportation	88	90	100
Utilities	89	92	100

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Cost Of Living Quick Facts

The cost of living in Newport is 8% lower than the Arkansas average
The cost of living in Newport is 21% lower than the national average
Newport housing is 52% lower than the national average
Arkansas general sales tax is 27% higher than the national average
Arkansas state income tax is 11% lower than the national average

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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	$46,199	$3,850	$1,078	$1,386
Renters	$20,168	$1,681	$471	$605

A good indicator of the general affordability of housing in Newport, AR, 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, the median monthly income is $46,199 for those who own their own homes. Under the standard rule, that income level would allow for $1,078 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $20,168, per the median income in the area. That would allow for renters to spend up to $471 on monthly rental expenses.

Arkansas Sales Tax

State	General Sales Tax	With Max Surtax
Arkansas	6.5%	11.625%

Arkansas Income Tax

State	Income Tax (Low)	Income Tax (High)
Arkansas	2%	5.5%

Goods & Services

Item	Newport	National avg.	Difference
Haircut	$22.59	$24.26	6.9%
Beauty Salon	$43.68	$45.56	4.1%
Toothpaste	$3.59	$3.70	3.0%
Shampoo	$1.06	$1.28	17.4%
Movie	$13.11	$12.13	8.1%
Bowling	$14.38	$18.00	20.1%

Groceries

Item	Newport	National avg.	Difference
Ground Beef	$5.34	$5.84	8.5%
Fried Chicken	$1.38	$1.57	12.4%
Milk	$4.52	$4.67	3.3%
Potatoes	$5.34	$4.93	8.3%
Pizza	$11.64	$12.09	3.7%
Beer	$10.04	$10.41	3.6%

Health Care

Item	Newport	National avg.	Difference
Optometrist	$113.05	$125.68	10.1%
Doctor	$121.20	$135.78	10.7%
Dentist	$93.91	$113.29	17.1%
Ibuprofen	$10.17	$10.65	4.5%
Lipitor	$454.83	$468.60	2.9%

Housing

Item	Newport	National avg.	Difference
Home Price	$83,700.00	$184,700.00	54.7%
Avg. Mortgage Payment	$2,005.46	$2,346.69	14.5%
Apartment Rent	$513.00	$949.00	45.9%

Transportation

Item	Newport	National avg.	Difference
Gasoline	$3.12	$3.46	9.9%
Tire Balancing	$51.88	$59.92	13.4%

Utilities

Item	Newport	National avg.	Difference
All Electricity	$163.75	$193.99	15.6%
Phone	$204.07	$192.25	6.1%

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.
Jacksonport, AR	198	70	29.8%
Amagon, AR	57	71	29.5%
Tupelo, AR	42	72	28.3%
Bradford, AR	653	75	24.8%
Beedeville, AR	56	75	24.8%
Newport, AR	7,552	79	21.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Twin Lakes, CO	7,552	128	27.8%
Page, AZ	7,551	102	1.6%
Escalon, CA	7,553	139	38.6%
McCook, NE	7,555	82	18.1%
Jasper, TX	7,556	87	12.5%
Newport, AR	7,552	79	21.2%