Cost of Living in Newport, OR

With a cost of living index of 105, Newport, OR is somewhat more expensive than average. Living here is 5% more expensive than the national average and in line with the Oregon state average. Newport is a smaller community of 10,393 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 $1,153 (13% below the US median of $1,319), and the median home value sits at $404,800 (33% above the national median of $304,900). At current prices, the median home costs roughly 7.1x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Newport is $57,213, which is 24% lower than the national median of $75,149. Residents spend roughly 24% 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 50.6°F, with summers averaging 57°F and winters around 45°F. Annual rainfall totals 67.3 inches spread over roughly 171 days.

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.