salaryRent is higher than in 83% of U.S. cities. A typical house costs about 8.0 years of household income, so buying is hard for most locals. Commutes are short, about 18.9 minutes. It is a highly educated city: 57.9% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $95,800 a year. That is $46 an hour at a full-time job.
Is rent cheaper than other Rhode Island cities?
No. Rent here is more expensive than in most of Rhode Island. It is number 14 of 15 cities from cheapest to most expensive.
How much do households earn in Newport?
Share of households by yearly income. 34.0% of households earn $100,000 or more.
Rent by apartment size in Newport
| Size | Newport | U.S. average |
|---|---|---|
| Studio | $1,880 | $1,338 |
| 1 bedroom | $1,078 | $1,324 |
| 2 bedrooms | $1,992 | $1,509 |
| 3 bedrooms | $2,429 | $1,698 |
| 4 bedrooms | $2,936 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Newport overall?
Everyday prices in Rhode Island overall are 2% above the U.S. average (index 102.3, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Newport, so the Rhode Island figure is shown.
Taxes and bills in Newport
Life in Newport
Is it cheaper to rent or buy in Newport?
Renting is cheaper right now: about $2,787 a month less.
Owning assumes a typical $746,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $74,690 for the down payment.
Frequently asked questions
What is the average rent in Newport, RI?
Renting in Newport costs a median of about $2,395 a month in 2026, including utilities. The Rhode Island median is $1,704.
How much do I need to make to live in Newport?
To keep rent under 30% of income, you need about $95,800 a year, or $46 an hour at a full-time job.
Is Newport cheap or expensive?
Newport is rated Expensive: rent takes 30.9% of the typical household income of $93,089. It ranks 14th cheapest of 15 Rhode Island cities we track.
How much are property taxes in Newport?
The median homeowner in Newport pays $5,264 a year in property taxes, about 0.70% of the median home value.
Is Newport more expensive than the national average?
Overall prices in Rhode Island are 2% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Newport?
The median home value in Newport is $746,900, about 8.0 times the typical yearly household income.
24,874 people live in Newport. Numbers are typical (middle) values.