Cost of Living in Newport, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
123.7
100 = national avg
+23.7 vs national average
Living Wage (1 Adult)
$54,430
per year
Living Wage (Family of 4)
$128,652
per year
Cost Index by Category
Housing163.0
Food99.2
Transportation105.8
Healthcare99.3
Utilities112.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,375
per month
2 Bedroom
$1,673
per month
The overall cost of living index in Newport is 123.7, which is 23.7% above the national average. Housing costs are above the national average at an index of 163.0. A single adult needs to earn approximately $54,430 per year to cover basic expenses.