Cost of Living in Newport, RI
Population: 25,029 • 2026 Data
$83,562
Median Household Income
+8% vs national
$1,612
Median Monthly Rent
+20% vs national
$669,500
Median Home Value
+97% vs national
8.6%
Unemployment Rate
Housing in Newport
The median home value in Newport, RI is $669,500. Monthly rent for a typical unit averages $1,612, while total monthly housing costs (including utilities and insurance) average $1,716.
Rent-to-income ratio: 23.1%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Newport, RI is $83,562. The unemployment rate stands at 8.6%, with a labor force of 14,143 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.