Cost of Living in Newport, WA
Housing
The housing market plays a significant role in determining the cost of living in Newport, WA.
- Housing Index: 121.1 / 100
- Median Home Price is: $375,000
- Average Rent (2 BR Apartment): $1979 per month
- Average Rent (2 BR House): $2151 per month
Considering a move to Newport, WA? With a housing index of 121.1, it's important to assess affordability. The median home price stands at 375000, which reflects a stable market, while average rent for a 2-bedroom apartment and house is at 1979 and 2151 respectively. These figures suggest a competitive rental market where home buying may be a more viable long-term investment, especially in prosperous municipalities. Keep in mind that diverse neighborhoods could offer varying amenities and community vibes, distinguishing your decision further.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Newport, WA.
- Electricity Price: $12.34 USD (median by state)
- Natural Gas Price: $18.14 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $251 per month
Living in Newport, WA could entail higher utility costs. Electricity costs sit at $12.34, while natural gas is priced at $18.14 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $251 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.