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Cost of Living in Newport News city, VA

Population 184,216 · Census ACS 2020–2024 5-year estimates

Median rent$1,339
Median home value$260,600
Median household income$69,634

The median rent in Newport News city, VA is $1,339/month, 15% lower than the Virginia median and 5% lower than the U.S. median. The median home value is $260,600, 22% lower than the national median. Households earn a median of $69,634 a year, 25% lower than the state median.

Affordability

Rent as a share of median income: 23.1%
Income needed for median rent (30% rule): $53,560/yr
Home price-to-income ratio: 3.7×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,318/mo

Run your own numbers: mortgage calculator · hourly to salary

Newport News city vs. Virginia vs. U.S.

Newport News cityVirginiaU.S.
Median rent$1,339$1,579$1,413
Median home value$260,600$383,700$332,700
Median household income$69,634$93,170$80,734
Homeownership rate48.2%67.3%65.2%
Bachelor's degree or higher30.6%42.2%35.7%
Poverty rate14.5%9.9%12.5%
Unemployment rate5.8%4.3%5.2%
Work from home10.2%18.3%15.1%
Median age34.439.038.9

FAQ

What is the average rent in Newport News city, VA?

The median gross rent in Newport News city, VA is $1,339 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Newport News city, VA?

Using the common 30% rule, renting a median-priced home takes about $53,560 a year in gross income.

Is Newport News city, VA expensive to live in?

Rent there is 5% lower than the U.S. median, and the median home costs about 3.7 times the median household income.

Other counties in Virginia

Fairfax County, VARent $2,276 · Income $153,637Prince William County, VARent $2,067 · Income $131,402Virginia Beach city, VARent $1,714 · Income $92,968Loudoun County, VARent $2,386 · Income $181,765Chesterfield County, VARent $1,629 · Income $101,931Henrico County, VARent $1,541 · Income $88,783

Counties with a similar cost of living

Yavapai County, AZRent $1,351 · Income $69,613Kings County, CARent $1,331 · Income $70,995San Patricio County, TXRent $1,291 · Income $69,704Kern County, CARent $1,300 · Income $70,210Mendocino County, CARent $1,317 · Income $68,092Lane County, ORRent $1,355 · Income $71,544

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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