Cost of Living in Newport, KY
Population 14,039 · Kentucky · Data vintage 2023
(100 = US avg)
Newport is a smaller Kentucky community of around 14000 residents, where median household incomes of $58,422 and housing costs ($221,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. Unemployment has stayed elevated relative to the national figure — 6.5% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Newport is part of the immediate Cincinnati metro area — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Cincinnati's $215,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Newport
The median home value in Newport is $221,100 — 28% below the national median of $305,000. Median rent runs $994/month, 24% lower than the national median of $1,314/month. The median household income of $58,422/year is 22% lower than the US median of $74,580. The local unemployment rate is 6.5%, above the national average of 4.8%. Kentucky's top state income tax rate is 4.0% and the combined sales tax is 6.0%. The climate averages highs of 65.4°F and lows of 44.2°F. Overall, Newport has a cost of living index of 74 versus the US average of 100, meaning it is 26% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 41 | 45 | 55 | 67 | 75 | 83 | 87 | 86 | 80 | 68 | 55 | 45 |
| Low °F | 24 | 26 | 33 | 43 | 53 | 61 | 65 | 64 | 56 | 44 | 34 | 28 |
| Precip" | 2.86 | 2.79 | 3.94 | 4.37 | 4.70 | 4.61 | 4.39 | 3.39 | 3.07 | 3.05 | 2.91 | 3.32 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Newport, KY?
Newport has a cost index of 74 (100 = national average). It is 26% below the national average.
What is average rent in Newport, KY?
The median gross rent in Newport is $994 per month based on 2023 Census data.
What is the average home price in Newport?
The median home value in Newport is $221,100 according to Zillow and Census data.
What is the median income in Newport?
The median household income in Newport is $58,422 per year (2023 ACS 5-year estimates).
What is the sales tax in Newport, KY?
The combined state and local sales tax rate in Newport is 6.0%. The Kentucky state income tax top rate is 4.0%.
Is Newport, KY affordable?
Yes, Newport is generally considered affordable, with a cost of living index of 74 — about 26% below the US national average of 100.
What is the weather like in Newport?
Newport has average high temperatures of 65.4°F and average lows of 44.2°F. Annual precipitation is 43.4". Data from NOAA 1991–2020 Climate Normals.
Newport at a Glance
- Population
- 14,039
- Median Income
- $58,422
- Home Value
- $221,100
- Median Rent
- $994/mo
- Unemployment
- 6.5%
- Avg High Temp
- 65.4°F
- Sales Tax
- 6.0%
Nearby Cities
Explore county-level cost of living data
Kentucky Rankings
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