Cost of Living in Newport, MN

Population 4,460 · Minnesota · Data vintage 2023

98
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 $331,000.

Newport sits roughly 7 miles southeast of St. Paul — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 18% higher than St. Paul's $280,000.

Cost Overview

Housing 109
Rent 82

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

About the Cost of Living in Newport

The median home value in Newport is $331,300 — 9% above the national median of $305,000. Median rent runs $1,080/month, 18% lower than the national median of $1,314/month. The median household income of $63,365/year is 15% lower than the US median of $74,580. The local unemployment rate is 5.6%, above the national average of 4.8%. Minnesota's top state income tax rate is 9.8% and the combined sales tax is 7.4%. Overall, Newport has a cost of living index of 98 versus the US average of 100, meaning it is 2% less expensive.

🏠 Housing

Median Home Value
$331,300
9% above avg
Zillow Home Value
$314,123
Zillow ZHVI
Median Rent
$1,080/mo
18% below avg
Price-to-Rent Ratio
25.6x
Favors renting
Property Tax Rate
1.1%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$702
1 BR
$784
2 BR
$937
3 BR
$1,307
4 BR
$1,537
Owner-occupied 67.6%
Renter-occupied 32.4%

💰 Estimated Monthly Budget

Rent median rent
$1,080
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,694/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
24.9 min
8% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
15.9%

Commute Mode

Drove alone
66.9%
Carpooled
14.3%
Public transit
0.5%
Walked
1.9%
Work from home
15.9%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 9.8%
Total Sales Tax 7.4%
State rate 6.9%
Avg local rate 0.6%
Property Tax 1.1%

💼 Income & Employment

Median Household Income
$63,365
15% below avg
Per Capita Income
$39,124
Unemployment Rate
5.6%
16% above avg
Poverty Rate
10.6%
Labor Force Participation
63.1%

🎓 Education

Bachelor's degree+ 17.6%
Graduate degree 7.8%

👥 Demographics

Median Age 37.6
Male median age 37.4
Female median age 38.3

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 42 — Good
80.8%
Good air days/yr
140
Max AQI recorded
0
PM2.5 days
240
Ozone days

Frequently Asked Questions

What is the cost of living in Newport, MN?

Newport has a cost index of 98 (100 = national average). It is 2% below the national average.

What is average rent in Newport, MN?

The median gross rent in Newport is $1,080 per month based on 2023 Census data.

What is the average home price in Newport?

The median home value in Newport is $331,300 according to Zillow and Census data.

What is the median income in Newport?

The median household income in Newport is $63,365 per year (2023 ACS 5-year estimates).

What is the sales tax in Newport, MN?

The combined state and local sales tax rate in Newport is 7.4%. The Minnesota state income tax top rate is 9.8%.

Is Newport, MN affordable?

Newport is near the national average in terms of cost of living, with an index of 98 (100 = US average).