Newport, RI vs Wakefield-Peace Dale, RI

There is a significant gap in the cost of living between these two cities. Wakefield-Peace Dale is 26.8% cheaper than Newport. With a cost index of 110 vs 139, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Wakefield-Peace Dale to Newport should plan for substantially higher expenses across most categories.

On the housing front, median rent in Newport is $1,612/month compared to $1,196/month in Wakefield-Peace Dale — a 35% difference. Home values follow the same pattern: Wakefield-Peace Dale is more affordable at $464,400 median vs $669,500.

Median household income in Newport is $83,562 compared to $111,200 in Wakefield-Peace Dale (-24.9%). Wakefield-Peace Dale offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Newport spend roughly 23.1% of their income on rent, more than the 12.9% in Wakefield-Peace Dale.

Climate-wise, both cities share similar average temperatures (51.3°F vs 49.2°F). Wakefield-Peace Dale receives more rainfall at 51.6" per year compared to 42.2" in Newport.