Cost of Living: Farmington, NM vs Newport, RI
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,230/mo in Farmington, NM versus $4,167/mo in Newport, RI. In the model, rent is about 14.47% of gross in Farmington, NM versus 23.49% in Newport, RI, so Farmington, NM tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Farmington, NM and Newport, RI.
At a glance
- Cheaper overall (lower cost-of-living index): Newport, RI
- Lower rent (median 1BR/2BR): Farmington, NM
- Lower home prices: Farmington, NM
- Higher median household income: Newport, RI
Cost of Living Index
Farmington, NM: 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
Farmington, NM: $944/mo (midpoint of 1BR/2BR) · Newport, RI: $1,532/mo
Median rent in Newport, RI is $588/mo higher than in Farmington, NM.
Median Home Price
Farmington, NM: $225,400 · Newport, RI: $669,500
Median home price in Newport, RI is $444,100 higher than in Farmington, NM.
Median Household Income
Farmington, NM: $63,745 · Newport, RI: $83,562
Newport, RI has a higher median household income than Farmington, NM by $19,817.
Farmington, NM overview · Newport, RI overview · Popular comparisons