Cost of Living: Newport, RI vs Providence, RI
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,167/mo in Newport, RI versus $4,167/mo in Providence, RI. In the model, rent is about 23.49% of gross in Newport, RI versus 19.42% in Providence, RI, so Providence, RI tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Newport, RI and Providence, RI.
At a glance
- Cheaper overall (lower cost-of-living index): Newport, RI
- Lower rent (median 1BR/2BR): Providence, RI
- Lower home prices: Providence, RI
- Higher median household income: Newport, RI
Cost of Living Index
Newport, RI: 100 (U.S. = 100) · Providence, RI: 105.8 (U.S. = 100)
Newport, RI has a lower cost-of-living index than Providence, RI, so a given salary generally stretches further there.
Median Rent
Newport, RI: $1,532/mo (midpoint of 1BR/2BR) · Providence, RI: $1,267/mo
Median rent in Newport, RI is $265/mo higher than in Providence, RI.
Median Home Price
Newport, RI: $669,500 · Providence, RI: $322,800
Median home price in Newport, RI is $346,700 higher than in Providence, RI.
Median Household Income
Newport, RI: $83,562 · Providence, RI: $66,772
Newport, RI has a higher median household income than Providence, RI by $16,790.
Newport, RI overview · Providence, RI overview · Popular comparisons