Cost of Living in Newport, OR
Housing
The housing market plays a significant role in determining the cost of living in Newport, OR.
- Housing Index: 116.2 / 100
- Median Home Price is: $401,000
- Average Rent (2 BR Apartment): $2300 per month
- Average Rent (2 BR House): $2500 per month
When considering a move to Newport, OR, the housing index stands at 116.2, indicating higher than average home prices in the area. With a median home price of 401000, and average rents for a 2-bedroom apartment at 2300 and a house at 2500, prospective residents might find substantial costs in securing accommodations. While the amenities and lifestyle in Newport could appeal, it's important to weigh these costs against your budget and desired quality of life. Expect additional expenses such as utilities and local taxes to factor into your overall affordability.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Newport, OR.
- Electricity Price: $15.12 USD (median by state)
- Natural Gas Price: $16.5 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $248 per month
Living in Newport, OR could entail higher utility costs. Electricity costs sit at $15.12, while natural gas is priced at $16.5 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $248 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Newport is a financially viable option for your relocation.