Cost of Living in Newport, TN
Population 6,881 · Tennessee · Data vintage 2023
(100 = US avg)
Newport's median household income of $40,096 is a meaningful share below the national figure, which shapes most of the downstream economic indicators — from housing affordability to the share of residents living below the poverty line (28% here). The labor market has been unusually tight, with unemployment around 0.7% — below most comparable cities in the state.
Newport is about 40 miles east of Knoxville, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 42% lower than Knoxville's $214,000.
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 $124,300 — 59% below the national median of $305,000. Median rent runs $780/month, 41% lower than the national median of $1,314/month. The median household income of $40,096/year is 46% lower than the US median of $74,580. The local unemployment rate is 0.7%, below the national average of 4.8%. Tennessee charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 67.8°F and lows of 46.8°F, with about 11.5" of annual snowfall. Overall, Newport has a cost of living index of 48 versus the US average of 100, meaning it is 52% less expensive.
Newport has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 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 | 48 | 52 | 59 | 69 | 76 | 83 | 86 | 85 | 79 | 69 | 59 | 51 |
| Low °F | 29 | 32 | 38 | 46 | 54 | 61 | 65 | 64 | 58 | 47 | 37 | 32 |
| Precip" | 3.28 | 2.88 | 3.53 | 3.69 | 3.48 | 3.42 | 4.13 | 3.60 | 3.67 | 2.60 | 3.05 | 3.28 |
| Snow" | 3.8 | 2.2 | 2.0 | 0.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.5 | 2.7 |
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Newport, TN?
Newport has a cost index of 48 (100 = national average). It is 52% below the national average.
What is average rent in Newport, TN?
The median gross rent in Newport is $780 per month based on 2023 Census data.
What is the average home price in Newport?
The median home value in Newport is $124,300 according to Zillow and Census data.
What is the median income in Newport?
The median household income in Newport is $40,096 per year (2023 ACS 5-year estimates).
What is the sales tax in Newport, TN?
The combined state and local sales tax rate in Newport is 9.6%. Tennessee has no state income tax.
Is Newport, TN affordable?
Yes, Newport is generally considered affordable, with a cost of living index of 48 — about 52% below the US national average of 100.
What is the weather like in Newport?
Newport has average high temperatures of 67.8°F and average lows of 46.8°F. Annual precipitation is 40.6". Average annual snowfall is 11.5". Data from NOAA 1991–2020 Climate Normals.
Newport at a Glance
- Population
- 6,881
- Median Income
- $40,096
- Home Value
- $124,300
- Median Rent
- $780/mo
- Unemployment
- 0.7%
- Avg High Temp
- 67.8°F
- Sales Tax
- 9.6%
Nearby Cities
Explore county-level cost of living data
Tennessee Rankings
Similar Cost Cities
Cities in other states with comparable housing costs