Cost of Living in Newport, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
114.5
100 = national avg
+14.5 vs national average
Living Wage (1 Adult)
$50,387
per year
Living Wage (Family of 4)
$119,097
per year
Cost Index by Category
Housing143.0
Food98.4
Transportation96.9
Healthcare98.7
Utilities107.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,405
per month
2 Bedroom
$1,709
per month
The overall cost of living index in Newport is 114.5, which is 14.5% above the national average. Housing costs are above the national average at an index of 143.0. A single adult needs to earn approximately $50,387 per year to cover basic expenses.