Cost of Living in Newport, RI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
164.2
100 = national avg
+64.2 vs national average
Living Wage (1 Adult)
$72,258
per year
Living Wage (Family of 4)
$170,791
per year
Cost Index by Category
Housing240.2
Food113.9
Transportation127.7
Healthcare111.1
Utilities136.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,402
per month
2 Bedroom
$1,729
per month
The overall cost of living index in Newport is 164.2, which is 64.2% above the national average. Housing costs are above the national average at an index of 240.2. A single adult needs to earn approximately $72,258 per year to cover basic expenses.