Housing costs in Newport News?
A typical home costs
$266,600, which is 21.1% less expensive than the national average of
$338,100 and 22.3% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Newport News costs
$1,300 per month, which is 7.1% cheaper than the national average of
$1,400 and close to the state average of
$1,320.
Can I afford Newport News?
To live comfortably in Newport News (zip 23608), Virginia, a minimum annual income of
$51,120 for a family, and
$44,400 for a single person is recommended.
What does A.I. say about Newport News?
The cost of living in 23608 Newport News, VA is quite affordable compared to other areas in the United States. The estimated overall cost of living index for this area is 92.8, which is 8.2% lower than the national average. This can mean significant savings on rent, groceries, transportation costs and more for those who choose to live here. Additionally, the median home value in this region is around $209,500 as of 2019, making it possible for many families and individuals to purchase a home without breaking the bank. All in all, living in 23608 Newport News, VA can be a great financial choice for anyone looking for an affordable place to call home.