Cost of living in Newport
Newport, Rhode Island, is a picturesque coastal city known for its historic mansions and vibrant cultural scene. Understanding the cost of living in Newport is crucial for anyone considering moving to or visiting this charming city.
This guide provides a detailed breakdown of the expenses you can expect, from dining and groceries to housing and transportation, helping you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $24 on average, with a range between $17 and $55.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $100, with prices ranging from $80 to $250.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $12, with a range between $11 and $15.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $6 to $11, imported beer $8 to $14, cappuccino $4.5 to $8, and Coke/Pepsi $2 to $5.
Grocery Prices
- Milk - Milk is priced between $1 and $2.11 per liter, averaging $1.54.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $3.31 and $11.02, with an average price of $4.84.
- Eggs (Dozen) - A dozen eggs range from $2.29 to $9, averaging $5.24.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.2 to $11.02 per kg, while oranges range from $2 to $11 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.1 and $6.61 per kg, and lettuce costs $1.09 to $5.3 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs around $2.
- Fuel (Gasoline) - Gasoline is priced between $0.86 and $1.29 per liter.
- Taxi Fares - Taxi fares start at $5, with a cost of $1.55 to $3.26 per km and $30 to $45 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $2500.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $2300.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $3600.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $2600.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $8417.38.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $5005.22.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $100 and $300, averaging $178.19.
- Internet - Internet services range from $50 to $90, with an average cost of $67.21.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Newport, RI, presents a relatively high cost of living, particularly in housing and dining. The city's charm and amenities come with a premium, especially in the city centre.
For those looking to save, considering housing outside the city centre and exploring local markets for groceries can help manage expenses.
Conclusion
In conclusion, Newport offers a unique blend of historical charm and modern amenities, but this comes at a cost. The city is more expensive than many other areas, particularly in terms of housing and dining.
Prospective residents should carefully consider their budget and explore options for cost-saving, such as living outside the city centre or utilizing public transportation.