Calculate using real Newport News data. Median home price: $230,000. Property tax rate: 1.08%.
Newport News, VA has a cost of living index of 92, where 100 represents the national average. This means living in Newport News is 8% less expensive the national average.
The median household income in Newport News, VA is $52,314. Combined with a cost of living index of 92, this provides a picture of purchasing power in the area.
The median home price in Newport News, VA is $230,000 with a property tax rate of 1.08%. Monthly housing costs (mortgage + taxes + insurance) on a median-priced home would be approximately $1,520.