Cost of Living: Melbourne, FL vs Newport, RI
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,516/mo in Melbourne, FL versus $4,167/mo in Newport, RI. In the model, rent is about 20.55% of gross in Melbourne, FL versus 23.49% in Newport, RI, so Melbourne, FL tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Melbourne, FL and Newport, RI.
At a glance
- Cheaper overall (lower cost-of-living index): Newport, RI
- Lower rent (median 1BR/2BR): Melbourne, FL
- Lower home prices: Melbourne, FL
- Higher median household income: Newport, RI
Cost of Living Index
Melbourne, FL: 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
Melbourne, FL: $1,341/mo (midpoint of 1BR/2BR) · Newport, RI: $1,532/mo
Median rent in Newport, RI is $191/mo higher than in Melbourne, FL.
Median Home Price
Melbourne, FL: $272,900 · Newport, RI: $669,500
Median home price in Newport, RI is $396,600 higher than in Melbourne, FL.
Median Household Income
Melbourne, FL: $64,504 · Newport, RI: $83,562
Newport, RI has a higher median household income than Melbourne, FL by $19,058.
Melbourne, FL overview · Newport, RI overview · Popular comparisons