Newport, KY, offers a cost of living that is 96% of the nationwide average, making it a relatively affordable place to live. The cost of living index shows that residents of Newport spend less on housing and transportation compared to the national average, but slightly more on healthcare. This balance makes Newport an attractive option for those seeking a lower cost of living without sacrificing quality of life.
Specifically, Newport’s housing index is 94, while groceries and utilities are only slightly below the average at 98 and 95, respectively. Healthcare, however, stands at 99, reflecting a slightly higher expense in this area. Overall, these figures suggest that Newport provides a cost-effective living environment with manageable expenses across various categories.
Newport, KY, presents a cost of living that compares favorably to the nationwide average, which is set at 100. Housing costs in Newport stand at 94, which is slightly lower than the national average. This modest reduction can make housing more affordable for those relocating to or residing in Newport. Additionally, groceries in Newport are priced at 98, very close to the average, ensuring that residents can find reasonably priced food supplies.
Utilities in Newport are slightly lower, with an index of 95, providing a small saving compared to the national average. Transportation costs are also more favorable at 90, suggesting that commuting and other travel expenses are less than the average. Healthcare, essential for all, is slightly above the average at 99, which might slightly increase overall expenses for some residents. Overall, the miscellaneous category is at 97, aligning closely with the national average, indicating consistent spending in various other areas. This data offers a clear view for job seekers considering Newport, as the cost of living remains competitive and often below the national average.
