Cost of Living in Newport County, Rhode Island

$1,652/mo
Median Monthly Rent
$559,700
Median Home Value
21% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,652/mo
21% above state average
Median Home Value
$559,700
99% above national
Rent-to-Income Ratio
30.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Newport County Compares

Median monthly rent comparison

Newport County$1,652/mo
Rhode Island Average$1,362/mo
National Median$1,163/mo

Detailed Housing Stats

$1,652/mo
Median Gross Rent
$559,700
Median Home Value
$1,899/mo
Monthly Owner Cost
30.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Newport County, Rhode Island

Newport's housing squeeze runs deep

At 19.7%, Newport County's rent-to-income ratio exceeds the national threshold where housing becomes a financial burden, meaning renters here devote nearly a fifth of gross income to rent alone. The county's median household income of $100,859 is above average, but Newport's rents are the state's highest at $1,652 monthly.

Least affordable county in Rhode Island

Newport County ranks last among Rhode Island counties for housing affordability, with a rent-to-income ratio of 19.7% compared to the state average of 17.0%. Renters here face a 2.7-point affordability gap—the steepest burden in the state.

Premium costs set Newport apart

Newport's median rent of $1,652 exceeds Kent County's by $388 monthly, while its median home value of $559,700 towers over Washington County's $469,800. The upscale coastal housing market creates affordability pressures despite strong local incomes.

Where Newport income goes

Renters spend $1,652 monthly while homeowners pay $1,899, together consuming roughly 28% of household income—the state's highest burden. The median home value of $559,700 reflects Newport's reputation as New England's priciest county housing market.

Newport's premium comes with a price

If you're relocating to Newport County, expect to allocate nearly a fifth of gross income to rent, the steepest ratio statewide. Budget accordingly, or consider neighboring Kent or Washington counties for equivalent quality of life at lower housing costs.

Affordability Calculator

See how your income compares to housing costs in Newport County

$

Rent Burden

19.7%

of gross income

Max Housing (28% Rule)

$2,353

per month

Owner Cost Burden

22.6%

of gross income

The median home in Newport County may be a stretch

Median home value is $559,700. Estimated monthly cost: $4,468 vs. your max of $2,353.

Rent Affordability Guide

Your rent-to-income ratio19.7%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Newport County, Rhode Island?
Newport County, Rhode Island has a median monthly rent of $1,652/mo and a median home value of $559,700. The affordability rating is Unaffordable, with rent making up approximately 30.0% of median household income.
What is the median rent in Newport County?
The median gross rent in Newport County is $1,652/mo. This is 21% above state average for Rhode Island.
Is Newport County affordable?
Newport County is rated Unaffordable based on rent-to-income ratio of 30.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Newport County's rent compare to the state average?
Newport County's median rent of $1,652/mo is 21% above state average of $1,362/mo for Rhode Island.
What is the median home value in Newport County?
The median home value in Newport County, Rhode Island is $559,700. This is 99% above the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.