Cost of Living in Newman, CA

With a cost of living index of 105, Newman, CA is somewhat more expensive than average. Living here is 5% more expensive than the national average and 38% below the California state average of 144. Newman is a smaller community of 12,299 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Newman's cost of living. The median monthly rent is $1,227 (7% below the US median of $1,319), and the median home value sits at $381,900 (25% above the national median of $304,900). At current prices, the median home costs roughly 5.1x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Newman is $75,344, which is 0% higher than the national median of $75,149. Residents spend roughly 20% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Newman. The area sees an average annual temperature of 59.7°F, with summers averaging 73°F and winters around 47°F. Annual rainfall totals 10.5 inches spread over roughly 49 days.

Everyday prices in the Modesto, CA (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 6 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.