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Cost of Living in Newport News City

Is it better to rent or buy in Newport News City? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$71,123
$1,415/mo

Median in area: $1,415

$247,359

Median in area: $247,359

$49,472

If you Rent

🔑
$1,587 /mo
Base Rent$1,415
Est. Utilities$172
% of Income26.8%
Pre-tax Residual$4,340

If you Buy

🏠
$1,815 /mo
P&I (7.131%)$1,334
Taxes & Ins$309
Est. Utilities$172
% of Income30.6%
Pre-tax Residual$4,112

Compare Nearby Areas

See how Newport News City stacks up against neighboring areas.

countySuffolk City, VA
$1,664/mo
countyJames City County, VA
$1,669/mo
countyYork County, VA
$1,814/mo
countyHampton City, VA
$1,462/mo
countyHampton City, VA
$1,444/mo
countyIsle of Wight County, VA
$1,310/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Newport News City?›

Based on median housing data, renting is currently more affordable on a monthly basis in Newport News City. The estimated all-in monthly cost for renting is $1,587, while owning a median-priced home with a 20% down payment is roughly $1,815 per month (a difference of $228).

How much do utilities cost in Newport News City?›

The average monthly utility cost (electricity and natural gas) for a typical home in Newport News City is approximately $172. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Newport News City?›

To comfortably afford the median rent and utilities in Newport News City without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $63,480 per year.