Newport East, RI

Very High · 137

Rhode Island · Population 11,262 · Updated March 2026

$1,784
Median Rent / Month
$86,310
Median Income
$479,200
Median Home Value
$1,902
Owner Costs / Month

Affordability

How far your income goes in Newport East

24.8%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Rhode Island

State-level tax rates that affect your costs

5.99%
Income Tax (Top Rate)
7.0%
Sales Tax
1.53%
Property Tax Rate

Estimated Annual Costs

$21,408
Annual Rent
$5,170
State Income Tax
$7,332
Property Tax (est.)

Cost of Living Overview

Newport East has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 137 (where 100 equals the national median), Newport East residents can expect to pay median rent of $1,784/month while earning a median household income of $86,310/year.

The median home value in Newport East, RI is $479,200, with typical monthly owner costs around $1,902 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.8% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Rhode Island has a moderate income tax rate of 5.99%. Combined with a 7.0% sales tax rate and 1.53% effective property tax rate, the overall tax environment is a factor in the total cost of living in Newport East.

Frequently Asked Questions

Common questions about living costs in Newport East

What is the cost of living in Newport East, RI?
The cost of living index in Newport East, RI is 137 (US average = 100). Median monthly rent is $1,784, median household income is $86,310/year, and the median home value is $479,200.
Is Newport East, RI affordable?
No, Newport East is more expensive than the national average with a cost index of 137. The rent-to-income ratio is 24.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Newport East, RI?
The median gross rent in Newport East, RI is $1,784 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $21,408.
What is the median household income in Newport East?
The median household income in Newport East, RI is $86,310 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Rhode Island?
Rhode Island has a top income tax rate of 5.99%, a sales tax of 7.0%, and an effective property tax rate of 1.53%.