Newport, MN, has a cost of living index that is slightly below the national average. The overall index stands at 93, which is 7% lower than the nationwide average of 100. Housing costs in Newport, at 85, represent the largest deviation, being 15% below the national average. Despite this, other categories like groceries and healthcare remain close to the national average, making Newport a relatively affordable place to live.
Newport, MN, presents a cost of living that is notably lower than the nationwide average. Housing costs in Newport stand at 85, which is 15% below the national average. This makes Newport an attractive option for those seeking more affordable housing without sacrificing quality of life. Additionally, the grocery index of 95 indicates that food expenses are only 5% above the national average, offering a modest increase in spending for essentials.
Utilities in Newport are on par with the national average, with an index of 100, meaning no additional costs are incurred here. Transportation costs are slightly lower than the national average, with an index of 90, representing a 10% savings. Healthcare costs are also slightly below the national average at 98, which is a 2% decrease. Miscellaneous expenses, which include items like entertainment and personal care, are at 97, just 3% above the national average. Overall, Newport provides a cost-effective living environment with several categories below the national average.
