Cost of Living: Carmel, IN vs Newport, RI
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,332/mo in Carmel, IN versus $4,167/mo in Newport, RI. In the model, rent is about 23.42% of gross in Carmel, IN versus 23.49% in Newport, RI, so Carmel, IN tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Carmel, IN and Newport, RI.
At a glance
- Cheaper overall (lower cost-of-living index): Newport, RI
- Lower rent (median 1BR/2BR): Carmel, IN
- Lower home prices: Carmel, IN
- Higher median household income: Carmel, IN
Cost of Living Index
Carmel, IN: 100 (U.S. = 100) · Newport, RI: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Carmel, IN: $1,527/mo (midpoint of 1BR/2BR) · Newport, RI: $1,532/mo
Median rent in Newport, RI is $5/mo higher than in Carmel, IN.
Median Home Price
Carmel, IN: $455,500 · Newport, RI: $669,500
Median home price in Newport, RI is $214,000 higher than in Carmel, IN.
Median Household Income
Carmel, IN: $134,602 · Newport, RI: $83,562
Carmel, IN has a higher median household income than Newport, RI by $51,040.
Carmel, IN overview · Newport, RI overview · Popular comparisons