Cost of Living: South Valley, 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 South Valley, NM versus $4,167/mo in Newport, RI. In the model, rent is about 13.73% of gross in South Valley, NM versus 23.49% in Newport, RI, so South Valley, NM tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between South Valley, NM and Newport, RI.
At a glance
- Cheaper overall (lower cost-of-living index): Newport, RI
- Lower rent (median 1BR/2BR): South Valley, NM
- Lower home prices: South Valley, NM
- Higher median household income: Newport, RI
Cost of Living Index
South Valley, 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
South Valley, NM: $895/mo (midpoint of 1BR/2BR) · Newport, RI: $1,532/mo
Median rent in Newport, RI is $637/mo higher than in South Valley, NM.
Median Home Price
South Valley, NM: $205,200 · Newport, RI: $669,500
Median home price in Newport, RI is $464,300 higher than in South Valley, NM.
Median Household Income
South Valley, NM: $51,062 · Newport, RI: $83,562
Newport, RI has a higher median household income than South Valley, NM by $32,500.
South Valley, NM overview · Newport, RI overview · Popular comparisons