Cost Of Living in Newport, SC

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Newport	South Carolina	National
Cost of living	104	93	100
Goods & Services	103	100	100
Groceries	100	99	100
Health care	111	94	100
Housing	116	80	100
Transportation	94	91	100
Utilities	89	107	100

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Cost Of Living Quick Facts

The cost of living in Newport is 12% higher than the South Carolina average
The cost of living in Newport is 4% higher than the national average
Newport housing is 16% higher than the national average
South Carolina general sales tax is 18% higher than the national average
South Carolina state income tax is 100% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$79,063	$6,589	$1,845	$2,372
Renters	$0	$0	$0	$0

A good indicator of the general affordability of housing in Newport, SC, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Newport, the median monthly income is $79,063 for those who own their own homes. Under the standard rule, that income level would allow for $1,845 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $0, per the median income in the area. That would allow for renters to spend up to $0 on monthly rental expenses.

South Carolina Sales Tax

State	General Sales Tax	With Max Surtax
South Carolina	6%	9%

South Carolina Income Tax

State	Income Tax (Low)	Income Tax (High)
South Carolina	0%	6.5%

Goods & Services

Item	Newport	National avg.	Difference
Haircut	$18.25	$24.26	24.8%
Beauty Salon	$59.75	$45.56	31.1%
Toothpaste	$3.81	$3.70	2.8%
Shampoo	$1.27	$1.28	0.7%
Movie	$13.55	$12.13	11.7%
Bowling	$21.67	$18.00	20.4%

Groceries

Item	Newport	National avg.	Difference
Ground Beef	$6.27	$5.84	7.3%
Fried Chicken	$1.39	$1.57	11.5%
Milk	$4.61	$4.67	1.2%
Potatoes	$4.98	$4.93	1.0%
Pizza	$10.96	$12.09	9.3%
Beer	$10.47	$10.41	0.5%

Health Care

Item	Newport	National avg.	Difference
Optometrist	$143.74	$125.68	14.4%
Doctor	$148.29	$135.78	9.2%
Dentist	$115.52	$113.29	2.0%
Ibuprofen	$10.77	$10.65	1.1%
Lipitor	$467.34	$468.60	0.3%

Housing

Item	Newport	National avg.	Difference
Home Price	$214,500.00	$184,700.00	16.1%
Avg. Mortgage Payment	$3,159.30	$2,346.69	34.6%
Apartment Rent	$0.00	$949.00	100.0%

Transportation

Item	Newport	National avg.	Difference
Gasoline	$3.29	$3.46	4.9%
Tire Balancing	$53.32	$59.92	11.0%

Utilities

Item	Newport	National avg.	Difference
All Electricity	$167.89	$193.99	13.5%
Phone	$189.90	$192.25	1.2%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Catawba, SC	1,069	99	0.6%
York, SC	8,287	92	7.8%
Sharon, SC	590	94	6.5%
McConnells, SC	293	96	3.6%
Clover, SC	6,370	98	1.7%
Newport, SC	4,432	104	4.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Lenwood, CA	4,431	103	2.7%
Springville, AL	4,430	106	5.5%
Dilworth, MN	4,430	100	0.4%
McSwain, CA	4,429	144	44.2%
Pendleton, IN	4,429	95	4.7%
Newport, SC	4,432	104	4.4%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Newport, SC