Cost of Living: Lakeville, MN vs Newport, RI
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,119/mo in Lakeville, MN versus $4,167/mo in Newport, RI. In the model, rent is about 25.17% of gross in Lakeville, MN 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 Lakeville, MN 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: Lakeville, MN
- Higher median household income: Lakeville, MN
Cost of Living Index
Lakeville, MN: 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
Lakeville, MN: $1,641/mo (midpoint of 1BR/2BR) · Newport, RI: $1,532/mo
Median rent in Lakeville, MN is $109/mo higher than in Newport, RI.
Median Home Price
Lakeville, MN: $425,200 · Newport, RI: $669,500
Median home price in Newport, RI is $244,300 higher than in Lakeville, MN.
Median Household Income
Lakeville, MN: $138,119 · Newport, RI: $83,562
Lakeville, MN has a higher median household income than Newport, RI by $54,557.
Lakeville, MN overview · Newport, RI overview · Popular comparisons