Cost of Living: Hoboken, NJ vs Newport, RI
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,144/mo in Hoboken, NJ versus $4,167/mo in Newport, RI. In the model, rent is about 41.07% of gross in Hoboken, NJ versus 23.49% in Newport, RI, so Newport, RI tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Hoboken, NJ and Newport, RI.
At a glance
- Cheaper overall (lower cost-of-living index): Newport, RI
- Lower rent (median 1BR/2BR): Newport, RI
- Lower home prices: Newport, RI
- Higher median household income: Hoboken, NJ
Cost of Living Index
Hoboken, NJ: 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
Hoboken, NJ: $2,678/mo (midpoint of 1BR/2BR) · Newport, RI: $1,532/mo
Median rent in Hoboken, NJ is $1,146/mo higher than in Newport, RI.
Median Home Price
Hoboken, NJ: $872,100 · Newport, RI: $669,500
Median home price in Hoboken, NJ is $202,600 higher than in Newport, RI.
Median Household Income
Hoboken, NJ: $176,943 · Newport, RI: $83,562
Hoboken, NJ has a higher median household income than Newport, RI by $93,381.
Hoboken, NJ overview · Newport, RI overview · Popular comparisons