Newport, Delaware

Cost of living in Newport, Delaware

  • Cost of living compated to USAthe highest
  • Cost of living compared to Delawarehigh
  • Median household incomehigh

Is it expensive to live in Newport, Delaware? When calculating the cost of living in Newport, Delaware we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.

The cost of living in Newport, Delaware is the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Delaware, while median household income in Newport is $68,355 which is high Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Delaware.

Taxes in Newport, Delaware

The sales tax rate in Newport, Delaware is 0.0%. Last year, the average property taxes paid was 0.7% Newport, Delaware.

Here is the table with the State Income Taxes in the state of Delaware:

State Income Tax Brackets (Single):

Income Bracket Threshold Income Bracket Ceiling Delaware Income Tax Rate
$0 $2,000 0.0%
$2,000 $5,000 2.2%
$5,000 $10,000 3.9%
$10,000 $20,000 4.8%
$20,000 $25,000 5.2%
$25,000 $60,000 5.55%
$60,000 $9,999,999 6.6%

State Income Tax Brackets (Married):

Income Bracket Threshold Income Bracket Ceiling Delaware Income Tax Rate
$0 $2,000 0.0%
$2,000 $5,000 2.2%
$5,000 $10,000 3.9%
$10,000 $20,000 4.8%
$20,000 $25,000 5.2%
$25,000 $60,000 5.55%
$60,000 $9,999,999 6.6%

Housing costs in Newport, Delaware

  • The average cost of a single-family home compated to USAhigh
  • The average cost of a single-family home compated to Delawarethe lowest

In Newport, Delaware, 32% of the population owns their homes, while approximately 68% rent. The average cost of a single-family home in Newport, Delaware in 2022 is $247,633 which is highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Delaware. The average one-bedroom apartment cost is approximately $1,060 per month.

Rental SizeMonthly CostCompared to Delaware
1 Bedroom$1,060highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom$1,280highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom$1,580highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom$1,810highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest