| Index | Newport | Rhode Island | National |
| Cost of living | 143 | 110 | 100 |
| Groceries | 104 | 103 | 100 |
| Health care | 103 | 103 | 100 |
| Housing | 234 | 124 | 100 |
| Transportation | 103 | 104 | 100 |
| Utilities | 106 | 106 | 100 |
| Lifestyle & Entertainment | 104 | 107 | 100 |
| Household Items | 106 | 105 | 100 |
| Education & Childcare | 105 | 106 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Newport? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Newport stands at 143, making it 43% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
If you value affordability in your search for a new place to live, Newport may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, Newport falls into this category, which may not align with your desire for an affordable place to call home.
When it comes to the cost of living in Newport, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 134.3% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.
Is Newport an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Newport is 175.2% higher than the national average, while the average monthly rent prices are 38.7% higher than average. The affordability of any location can also be influenced by median income levels. Newport has a median household income of $101,502, which is 24.8% higher than the national average.
Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Newport, healthcare costs are 2.8% higher than the national average.
Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Newport, the general sales tax rate starts at 7%, and income tax rates begin at 3.75%.
Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Newport, the groceries index is 3.8% higher than the national average.
The cost of living data for Newport shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $157,215 | $13,101 | $3,668 | $4,717 |
| Renters | $69,556 | $5,796 | $1,623 | $2,087 |
| State | General Sales Tax | With Max Surtax |
| Rhode Island | 7% | 7% |
| State | Income Tax (Low) | Income Tax (High) |
| Rhode Island | 3.75% | 5.99% |
| City | Population | Cost of Living Index | National Avg. |
| Tiverton, RI | 8,199 | 121 | 21.1% |
| Wakefield-Peacedale, RI | 9,250 | 116 | 16.3% |
| North Westport, MA | 4,911 | 126 | 25.8% |
| Newport East, RI | 11,557 | 126 | 26.3% |
| Kingston, RI | 6,555 | 130 | 29.7% |
| Newport, RI | 25,565 | 143 | 43.1% |
| City | Population | Cost of Living Index | National Avg. |
| Ladera Ranch, CA | 25,567 | 203 | 103.0% |
| Silver Springs Shores, FL | 25,572 | 96 | 4.2% |
| Kernersville, NC | 25,556 | 100 | 0.4% |
| Forest Grove, OR | 25,554 | 123 | 23.5% |
| Staunton, VA | 25,543 | 101 | 1.1% |
| Newport, RI | 25,565 | 143 | 43.1% |
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