Housing costs in Newport?
A typical home costs
$308,100, which is 8.9% less expensive than the national average of
$338,100 and 0.5% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Newport costs
$1,210 per month, which is 2.4% cheaper than the national average of
$1,240 and 15.7% cheaper than the state average of
$1,400.
Can I afford Newport?
To live comfortably in Newport (zip 55055), Minnesota, a minimum annual income of
$59,040 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about Newport?
The cost of living in 55055 Newport, MN is slightly higher than the national average. Due to its proximity to the Twin Cities, housing costs in this area tend to be a bit higher than other parts of the state. However, many of the amenities that come with city living are also available here, such as access to restaurants, shopping centers, and entertainment venues. The overall cost of living in this area makes it an attractive option for those looking for a comfortable lifestyle relatively close to the Twin Cities.