Housing costs in Newport?
A typical home costs
$185,600, which is 45.1% less expensive than the national average of
$338,100 and 55.1% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Newport costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 142.0% cheaper than the state average of
$1,960.
Can I afford Newport?
To live comfortably in Newport (zip 13416), New York, a minimum annual income of
$35,640 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Newport?
The cost of living in 13416 Newport, NY is slightly higher than the national average. There are many factors that contribute to this, such as the fact that housing costs tend to be higher than other parts of the country. The median home price in Newport is $212,000, which is nearly 20% higher than the national median. This can make it difficult for those on a tight budget to find an affordable place to live in the area. Additionally, food and transportation costs tend to be a bit more expensive than other areas due to high demand for these services in Newport. Overall, living in Newport may be a bit pricier but it is also a great place with many amenities and attractions that make up for the extra costs.