MyNeighborhood

Can you afford to live in Newport?

Median household income, home values and rent in Newport, KY — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in Newport.

Median household income: $55,469 — +13.2% since 2015 (not adjusted for inflation)

Median gross rent: $1,010/mo — +12.7% since 2015

Median home value, 2015 to 2023

  • 2015: 108400
  • 2023: 175700

Median household income

  • Newport: 55469
  • Campbell County: 77271
  • KY: 62417
  • U.S.: 78538

Median gross rent

  • Newport: 1010
  • Campbell County: 1079
  • KY: 933
  • U.S.: 1348

Share of income a typical renter spends on rent: 31.7% — U.S.: 30.2%

What it means

The typical household here earns $55,469 — far lower than the national figure of $78,538.

The typical renter here spends 31.7% of household income on rent, above the 30% level housing agencies use to define cost burden.

Since 2015, income has kept pace with rent here (+13.2% versus +12.7%), before adjusting for inflation.

Sources

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