Cost of Living in Newport, NC

Population 4,428 · North Carolina · Data vintage 2023

72
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Newport sits on the smaller end of the North Carolina city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. Unemployment has stayed elevated relative to the national figure — 7.9% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Newport is about 70 miles northeast of Wilmington, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 30% lower than Wilmington's $350,000.

Cost Overview

Housing 80
Rent 60

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

About the Cost of Living in Newport

The median home value in Newport is $245,300 — 20% below the national median of $305,000. Median rent runs $784/month, 40% lower than the national median of $1,314/month. The median household income of $76,091/year is 2% higher than the US median of $74,580. The local unemployment rate is 7.9%, above the national average of 4.8%. North Carolina's top state income tax rate is 4.5% and the combined sales tax is 7.0%. The climate averages highs of 74.2°F and lows of 54.4°F. Overall, Newport has a cost of living index of 72 versus the US average of 100, meaning it is 28% less expensive.

🏠 Housing

Median Home Value
$245,300
20% below avg
Zillow Home Value
$337,854
Zillow ZHVI
Median Rent
$784/mo
40% below avg
Zillow Rent
$1,671/mo
Zillow ZORI
Price-to-Rent Ratio
26.1x
Favors renting
Property Tax Rate
0.8%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$826
1 BR
$860
2 BR
$1,049
3 BR
$1,384
4 BR
$1,637
Owner-occupied 61.5%
Renter-occupied 38.5%

💰 Estimated Monthly Budget

Rent median rent
$784
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,398/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
23.2 min
14% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
11.5%

Commute Mode

Drove alone
85.7%
Carpooled
2.8%
Work from home
11.5%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.5%
Total Sales Tax 7.0%
State rate 4.8%
Avg local rate 2.2%
Property Tax 0.8%

💼 Income & Employment

Median Household Income
$76,091
2% above avg
Per Capita Income
$38,807
Unemployment Rate
7.9%
65% above avg
Poverty Rate
9.9%
Labor Force Participation
54.2%

🎓 Education

Bachelor's degree+ 12.7%
Graduate degree 8.8%

👥 Demographics

Median Age 43.2
Male median age 43.3
Female median age 42.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
74.2°F
Avg Low
54.4°F
Annual Precip
57.4"
Annual Snowfall
0.8"
30° 45° 60° 75° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 576066748187908984766760
Low °F 363844526169737268564640
Precip" 4.073.403.563.523.944.877.387.218.203.813.763.70
Snow" 0.60.10.00.00.00.00.00.00.00.00.00.1

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 38 — Good
90.6%
Good air days/yr
105
Max AQI recorded
0
PM2.5 days
352
Ozone days

Frequently Asked Questions

What is the cost of living in Newport, NC?

Newport has a cost index of 72 (100 = national average). It is 28% below the national average.

What is average rent in Newport, NC?

The median gross rent in Newport is $784 per month based on 2023 Census data.

What is the average home price in Newport?

The median home value in Newport is $245,300 according to Zillow and Census data.

What is the median income in Newport?

The median household income in Newport is $76,091 per year (2023 ACS 5-year estimates).

What is the sales tax in Newport, NC?

The combined state and local sales tax rate in Newport is 7.0%. The North Carolina state income tax top rate is 4.5%.

Is Newport, NC affordable?

Yes, Newport is generally considered affordable, with a cost of living index of 72 — about 28% below the US national average of 100.

What is the weather like in Newport?

Newport has average high temperatures of 74.2°F and average lows of 54.4°F. Annual precipitation is 57.4". Average annual snowfall is 0.8". Data from NOAA 1991–2020 Climate Normals.

Newport at a Glance

Population
4,428
Median Income
$76,091
Home Value
$245,300
Median Rent
$784/mo
Unemployment
7.9%
Avg High Temp
74.2°F
Sales Tax
7.0%
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🗺️ County data for North Carolina

Explore county-level cost of living data

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