Newport, OR

Average · 98

Oregon · Population 10,393 · Updated March 2026

$1,153
Median Rent / Month
$57,213
Median Income
$404,800
Median Home Value
$1,178
Owner Costs / Month

Affordability

How far your income goes in Newport

24.2%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Oregon

State-level tax rates that affect your costs

9.9%
Income Tax (Top Rate)
0%
Sales Tax
0.93%
Property Tax Rate

Estimated Annual Costs

$13,836
Annual Rent
$5,664
State Income Tax
$3,765
Property Tax (est.)

Cost of Living Overview

Newport has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 98 (where 100 equals the national median), Newport residents can expect to pay median rent of $1,153/month while earning a median household income of $57,213/year.

The median home value in Newport, OR is $404,800, with typical monthly owner costs around $1,178 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.2% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Oregon's top income tax rate of 9.9% is among the highest in the nation, adding to the overall cost burden. Combined with a 0% sales tax rate and 0.93% effective property tax rate, the overall tax environment is a factor in the total cost of living in Newport.

Frequently Asked Questions

Common questions about living costs in Newport

What is the cost of living in Newport, OR?
The cost of living index in Newport, OR is 98 (US average = 100). Median monthly rent is $1,153, median household income is $57,213/year, and the median home value is $404,800.
Is Newport, OR affordable?
Yes, Newport is more affordable than the national average with a cost index of 98. The rent-to-income ratio is 24.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Newport, OR?
The median gross rent in Newport, OR is $1,153 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,836.
What is the median household income in Newport?
The median household income in Newport, OR is $57,213 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Oregon?
Oregon has a top income tax rate of 9.9%, a sales tax of 0%, and an effective property tax rate of 0.93%.