Cost of Living in Newport, NH

With a cost of living index of 92, Newport, NH is slightly more affordable than average. Living here is 8% cheaper than the national average and 10% below the New Hampshire state average of 102. Newport is a smaller community of 5,185 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Newport's cost of living. The median monthly rent is $1,261 (4% below the US median of $1,319), and the median home value sits at $191,000 (37% below the national median of $304,900). At current prices, the median home costs roughly 2.5x the median household income — well within traditional affordability guidelines.

The median household income in Newport is $75,849, which is 1% 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 Newport. The area sees an average annual temperature of 45.5°F, with summers averaging 67°F and winters around 23°F. Annual rainfall totals 40.3 inches spread over roughly 154 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

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.