States › Tennessee › Newport

Is Newport, TN expensive to live in?

OKRent takes 27 cents of every $1 people earn here.
🏠 Rent per month (2026)$75857% lower than U.S. average
💵 Families earn per year (2026)$33,703about $2,809/month · 61% lower than U.S. average
🔑 House price$133,50060% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs about 4.0 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $30,320 a year. That is $15 an hour at a full-time job.

Is rent cheaper than other Tennessee cities?

Yes. Rent here is cheaper than in most of Tennessee. It is number 11 of 114 cities from cheapest to most expensive.

Newport
$758
Green Hill
$1,364
Greenbrier
$1,275
Fayetteville
$820
Church Hill
$1,072
Munford
$1,489
Sweetwater
$651

How much do households earn in Newport?

Under $25k
43.2%
$25k–50k
20.8%
$50k–100k
24.4%
$100k–150k
5.0%
$150k+
2.1%

Share of households by yearly income. 7.1% of households earn $100,000 or more.

Rent by apartment size in Newport

SizeNewportU.S. average
1 bedroom$419$1,324
2 bedrooms$795$1,509
3 bedrooms$1,137$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Newport overall?

Everyday prices in Tennessee overall are 8% below the U.S. average (index 91.9, U.S. = 100).

Housing
79
Goods (food, clothes…)
96
Utilities
72
Other services
95
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Newport, so the Tennessee figure is shown.

Taxes and bills in Newport

🏛️ Property tax$1,314a year · 0.98% of home value · U.S. $3,119
⚡ Electric bill$224a month (typical) · U.S. $156

Life in Newport

Commute to work26.2 minU.S.: 26.4 min
College degree9.1%U.S.: 35.7%
Own their home55.7%U.S.: 65.2%
Below poverty line27.2%U.S.: 12.5%
Unemployment0.6%U.S.: 5.2%

Is it cheaper to rent or buy in Newport?

Renting is cheaper right now: about $168 a month less.

Renting
$758
Owning
$926

Owning assumes a typical $133,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $13,350 for the down payment.

Frequently asked questions

What is the average rent in Newport, TN?

Renting in Newport costs a median of about $758 a month in 2026, including utilities. The Tennessee median is $1,279.

How much do I need to make to live in Newport?

To keep rent under 30% of income, you need about $30,320 a year, or $15 an hour at a full-time job.

Is Newport cheap or expensive?

Newport is rated OK: rent takes 27.0% of the typical household income of $33,703. It ranks 11th cheapest of 114 Tennessee cities we track.

How much are property taxes in Newport?

The median homeowner in Newport pays $1,314 a year in property taxes, about 0.98% of the median home value.

Is Newport more expensive than the national average?

Overall prices in Tennessee are 8% below 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 $133,500, about 4.0 times the typical yearly household income.

6,881 people live in Newport. Numbers are typical (middle) values.