Cost of Living in Newport, WA

With a cost of living index of 71, Newport, WA is one of the most affordable cities in the country. Living here is 29% cheaper than the national average and 48% below the Washington state average of 119. Newport is a small community of 2,269 residents.

Housing costs are the biggest factor in Newport's cost of living. The median monthly rent is $548 (58% below the US median of $1,319), and the median home value sits at $230,500 (24% below the national median of $304,900). At current prices, the median home costs roughly 5.5x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Newport is $41,733, which is 44% lower than the national median of $75,149. Residents spend roughly 16% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Newport. The area sees an average annual temperature of 45.6°F, with summers averaging 63°F and winters around 28°F. Annual rainfall totals 22.5 inches spread over roughly 124 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Spokane-Spokane Valley, WA (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, 5 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.