Newport, TN Cost Of Living
Cost Of Living In Newport, TN Summary
Cost of living in Newport research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Newport is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Tennessee, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Newport is 81, with 100 being the average.
The cost of living index in Newport is 0.8x lower than the national average.
Newport ranks as the #20 cheapest in Tennessee out of 105.
Newport ranks as the #290 cheapest out of 6,412 in the US.
The median home value in Newport is $99,200.
The median income in Newport is $33,736.
Table Of Contents
Newport's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Newport, TN?
According to the most recent data on the cost of living, Newport has an overall cost of living index of 81, which is 0.8x lower than the national index of 100.
Compared to Tennessee, Newport has a cost of living index that's 0.9x lower than Tennessee's index of 90.
The standard of living in Newport ranks as #20 most affordable out of the 105 places we measured in Tennessee. By definition, that implies Newport ranks as the #85 most expensive place in the Volunteer State.
For more reading on life in Newport, check out:
- Living In Newport
- Newport Crime Report
- Search Homes For Sale In Newport, TN
In Tennessee
In America
Newport Cost Of Living Vs. Tennessee
Six factors go into calculating the cost of living index in Newport. Here is how it fairs on each of the criteria:
The Services index in Newport is 95.
The Groceries index in Newport is 96.
The Health index in Newport is 97.
The Housing index in Newport is 46.
The Transportation index in Newport is 85.
The Utilities index in Newport is 104.
| Living Expense | Newport | Tennessee | National Average | |
|---|---|---|---|---|
| Overall | 81 | 90 | 100 | |
| Services | 95 | 93 | 100 | |
| Groceries | 96 | 96 | 100 | |
| Health | 97 | 88 | 100 | |
| Housing | 46 | 82 | 100 | |
| Transportation | 85 | 90 | 100 | |
| Utilities | 104 | 93 | 100 | |
Newport, TN Housing Cost Breakdown
Housing swings affordability the most between places in Tennessee, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Newport is $99,200.
The Median Rent in Newport is $641.
The Median Income in Newport is $33,736.
The Home Value To Income in Newport is 2.9x.
The Rent To Monthly Income in Newport is 0.23x.
| Statistic | Newport | Tennessee | United States |
|---|---|---|---|
| Median Home Value | $99,200 | $193,700 | $244,900 |
| Median Rent | $641 | $951 | $1,163 |
| Median Income | $33,736 | $58,516 | $69,021 |
| Home Value To Income | 2.9x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Newport, TN Costs By Category
Detailed Newport Services Costs Vs. Tennessee
Detailed Newport Groceries Costs Vs. Tennessee
Detailed Newport Health Costs Vs. Tennessee
Detailed Newport Transportation Costs Vs. Tennessee
Detailed Newport Utilities Costs Vs. Tennessee
Newport SnackAbility
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Cost Of Living In Cities Around Newport
The cost of living varies in the cities and towns around Newport. Here's a quick look at the cost of living in the most populous nearby places:
Asheville, NC has a cost of living index of 106, 1.3x Newport.
Morristown, TN has a cost of living index of 85, 1.0x Newport.
Sevierville, TN has a cost of living index of 89, 1.1x Newport.
| City | Population | Cost Of Living | Vs. Newport |
|---|---|---|---|
| Asheville, NC | 93,272 | 106 | 1.3x |
| Morristown, TN | 30,387 | 85 | 1.0x |
| Sevierville, TN | 18,038 | 89 | 1.1x |
| Seymour, TN | 15,633 | 87 | 1.1x |
| Alcoa, TN | 10,777 | 85 | 1.0x |
| Waynesville, NC | 10,087 | 96 | 1.2x |
| Woodfin, NC | 7,771 | 95 | 1.2x |
| Church Hill, TN | 6,973 | 86 | 1.1x |
| Erwin, TN | 6,052 | 83 | 1.0x |
| Jonesborough, TN | 5,747 | 94 | 1.2x |
