Cost of Living in Newport, ME

Population 3,145 · Maine · Data vintage 2023

69
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Newport a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $213,000.

Newport lies roughly 170 miles northeast of the nearest major metro, Manchester — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 37% lower than Manchester's $336,000.

Cost Overview

Housing 70
Rent 67

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Newport

The median home value in Newport is $213,400 — 30% below the national median of $305,000. Median rent runs $884/month, 33% lower than the national median of $1,314/month. The median household income of $62,708/year is 16% lower than the US median of $74,580. The local unemployment rate is 3.3%, below the national average of 4.8%. Maine's top state income tax rate is 7.2% and the combined sales tax is 5.5%. The climate averages highs of 55.2°F and lows of 34.8°F, with about 74.6" of annual snowfall. Overall, Newport has a cost of living index of 69 versus the US average of 100, meaning it is 31% less expensive.

🏠 Housing

Median Home Value
$213,400
30% below avg
Median Rent
$884/mo
33% below avg
Price-to-Rent Ratio
20.1x
Favors renting
Property Tax Rate
1.4%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$839
1 BR
$880
2 BR
$1,155
3 BR
$1,455
4 BR
$1,723
Owner-occupied 74.5%
Renter-occupied 25.5%

💰 Estimated Monthly Budget

Rent median rent
$884
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,498/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
24.3 min
10% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
14.1%

Commute Mode

Drove alone
75.6%
Carpooled
7.7%
Walked
0.5%
Work from home
14.1%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 7.2%
Total Sales Tax 5.5%
State rate 5.5%
Avg local rate 0.0%
Property Tax 1.4%

💼 Income & Employment

Median Household Income
$62,708
16% below avg
Per Capita Income
$37,748
Unemployment Rate
3.3%
31% below avg
Poverty Rate
10.9%
Labor Force Participation
51.6%

🎓 Education

Bachelor's degree+ 21.7%
Graduate degree 7.1%

👥 Demographics

Median Age 49.9
Male median age 48.9
Female median age 50.7

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
55.2°F
Avg Low
34.8°F
Annual Precip
41.7"
Annual Snowfall
74.6"
23° 45° 68° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 283140536675807971584635
Low °F 91121324353595749382917
Precip" 3.172.383.223.613.343.873.163.063.764.583.843.72
Snow" 18.617.515.23.70.00.00.00.00.00.64.314.7

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 35 — Good
82.1%
Good air days/yr
89
Max AQI recorded
193
PM2.5 days
161
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

92%
4-Year Graduation Rate
12.4:1
Student-teacher ratio
5
Public schools
1,895
Total enrollment

Frequently Asked Questions

What is the cost of living in Newport, ME?

Newport has a cost index of 69 (100 = national average). It is 31% below the national average.

What is average rent in Newport, ME?

The median gross rent in Newport is $884 per month based on 2023 Census data.

What is the average home price in Newport?

The median home value in Newport is $213,400 according to 2023 Census ACS data.

What is the median income in Newport?

The median household income in Newport is $62,708 per year (2023 ACS 5-year estimates).

What is the sales tax in Newport, ME?

The combined state and local sales tax rate in Newport is 5.5%. The Maine state income tax top rate is 7.2%.

Is Newport, ME affordable?

Yes, Newport is generally considered affordable, with a cost of living index of 69 — about 31% below the US national average of 100.

What is the weather like in Newport?

Newport has average high temperatures of 55.2°F and average lows of 34.8°F. Annual precipitation is 41.7". Average annual snowfall is 74.6". Data from NOAA 1991–2020 Climate Normals.

Newport at a Glance

Population
3,145
Median Income
$62,708
Home Value
$213,400
Median Rent
$884/mo
Unemployment
3.3%
Avg High Temp
55.2°F
Sales Tax
5.5%
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