Housing costs in Newport East?
A typical home costs
$610,800, which is 80.7% more expensive than the national average of
$338,100 and 52.2% more expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Newport East costs
$1,950 per month, which is 36.4% more than the national average of
$1,430 and 26.7% more than the state average of
$1,430.
Can I afford Newport East?
To live comfortably in Newport East (zip 02842), Rhode Island, a minimum annual income of
$117,000 for a family, and
$62,400 for a single person is recommended.
What does A.I. say about Newport East?
Living in Newport East, RI (02842) can be quite expensive. Home prices and rent costs are high compared to other places in the state. The median home price is around $508,000, and the average rent for a one bedroom apartment is about $1,400 per month. Utilities such as electricity and gas aren't inexpensive either. Taxes are also higher than most other parts of the state due to Newport East's status as a tourist attraction. Nonetheless, many people find that the cost of living is worth it for access to Newport East's vibrant community and its proximity to various beaches, parks, restaurants, shops, and other attractions.