Newport, MN vs Waconia, MN

Newport is moderately more affordable than Waconia, with a 11.8% lower cost of living index. Newport scores 96 compared to 109 for Waconia, where the US average is 100. This difference means residents of Waconia can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Newport is $1,080/month compared to $1,299/month in Waconia — a 17% difference. Home values follow the same pattern: Newport is more affordable at $331,300 median vs $407,600.

Median household income in Newport is $63,365 compared to $104,929 in Waconia (-39.6%). While Waconia is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Newport spend roughly 20.5% of their income on rent, more than the 14.9% in Waconia.

Climate-wise, both cities share similar average temperatures (46.5°F vs 46.7°F). Waconia receives more rainfall at 30.6" per year compared to 29.2" in Newport.