Newport, Rhode Island has an overall cost of living index of 97.9, which is 2.1 points below the US average of 100 — making it about average versus most American cities. Renters pay a median of $1,612 per month, while the typical home is valued around $669,500. Households earn a median of $83,562 per year, leaving rent at a manageable share of income for many residents. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$83,562
Annual · Census ACS
Median Gross Rent
$1,612
Per month · Census ACS
Median Home Value
$669,500
Census ACS
Cost of Living Index
97.9
BEA RPP · US avg = 100
Studio FMR
$1,752
HUD Fair Market Rent
1BR Fair Market Rent
$1,764
HUD FMR
2BR Fair Market Rent
$2,314
HUD FMR
3BR Fair Market Rent
$3,131
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
Each category is indexed to the US average of 100. Below 100 = cheaper than average.
Overall
97.9
Goods
95.5
Rents / Housing
99.9
Services
88.8
Source: BEA Regional Price Parities (metro-level)
State Income Tax
5.99%
Top marginal rate
State Sales Tax
7.00%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | $123,190 |
| 🏥Registered Nurse | $84,920 |
| 📚Elementary Teacher | $63,710 |
| ⚡Electrician | $58,930 |
| 📊Accountant | $79,290 |
Source: BLS OEWS 2023 (metro-level data)
Population
25,029
Latest estimate
Median Age
37.2 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
What is the cost of living index for Newport?
Newport has a Regional Price Parity (RPP) index of 97.9. The US national average is 100, so Newport is 2.1 points below the national average.
What is the median rent in Newport?
The median gross rent in Newport is $1,612 per month according to US Census ACS data.
What is the median household income in Newport?
The median household income in Newport is $83,562 per year.
What is the median home value in Newport?
The median home value in Newport is $669,500 based on the latest Census ACS survey.
How is the air quality in Newport?
Air quality data for Newport is not yet available.
What are the taxes like in Newport?
Rhode Island has a top state income tax rate of 5.99% and a statewide sales tax of 7.00% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology