Cost of Living in Newport Beach, CA

Cost of Living in Newport Beach, CA is
40.6% Higher
than the National Average

Did the Cost of Living in Newport Beach, CA increase in 2024? Newport Beach, CA area prices were up 3.0% from a year ago. The largest increases were found in Transportation, Food, and Housing.
By using Salary.com's Cost of Living Calculator, you can make a cost of living comparison of the Consumer Price Index (CPI) and salary differentials of over 300+ US cities. Let us help you make an informed decision about what it will cost to live and work in the city of your dreams!
About Newport Beach, California    Newport Beach is a coastal city in Orange County, California, United States. Its population was 85,287 at the 2010 census. Newport Beach is home to N....More
The federal minimum wage is $7.25 per hour while California's state law sets the minimum wage rate at $16 per hour in 2024. Demands for a living wage that is fair to workers have resulted in numerous location-based changes to minimum wage levels. View future changes in the minimum wage in your location by visiting Minimum Wage Values in Newport Beach, CA

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Cost of Living in other Major Cities

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 86.5%
City, State Washington, DC Compared to national average
+ 45.2%
City, State Miami, FL Compared to national average
+ 15.4%
City, State Chicago, IL Compared to national average
+ 12.4%
City, State Boston, MA Compared to national average
+ 53.1%
City, State New York, NY Compared to national average
+ 77.0%
City, State Dallas, TX Compared to national average
+ 7.0%

Cost of Living Newport Beach, CA by Expense Category

Category Compared to national average
CategoryEnergy Compared to national average
+ 31.0%
CategoryFood Compared to national average
+ 3.3%
CategoryHealthcare Compared to national average
+ 0.6%
CategoryHousing Compared to national average
+ 36.6%
CategoryTransportation Compared to national average
+ 2.5%

Cost of Living Comparison with Newport Beach, CA

If you move to Newport Beach from one of these cities, you would have these the changes of your cost of living.


Move From Move To Cost Of Living Comparison
Move FromSan Francisco, CA Move ToNewport Beach, CA Cost Of Living Comparision
-46.0%
Move FromWashington, DC Move ToNewport Beach, CA Cost Of Living Comparision
-4.6%
Move FromMiami, FL Move ToNewport Beach, CA Cost Of Living Comparision
+ 25.2%
Move FromChicago, IL Move ToNewport Beach, CA Cost Of Living Comparision
+ 28.2%
Move FromBoston, MA Move ToNewport Beach, CA Cost Of Living Comparision
-12.5%
Move FromNew York, NY Move ToNewport Beach, CA Cost Of Living Comparision
-36.5%
Move FromDallas, TX Move ToNewport Beach, CA Cost Of Living Comparision
+ 33.5%

Based on this cost of living comparison, you can see:
If you move from Chicago IL, Dallas, TX, or Miami, FL, the percent increase of your cost of living could be 22.8%, 37.8%, and 24.8%. Looks like this move could have a negative net change in disposable income, so please think carefully!
If you move from New York, NY, San Francisco, CA, or Washington, DC, the percent reduction of your cost of living could be -43.50%, -23%, and -20.10%, that's good news to you that you could be looking at a positive net change in disposable income.

About Newport Beach, CA

Newport Beach is a coastal city in Orange County, California, United States. Its population was 85,287 at the 2010 census. Newport Beach is home to Newport Harbor and Balboa Island. Newport Beach extends in elevation from sea level to the 1161 ft (354 m.) summit of Signal Peak in the San Joaquin Hills, but the official elevation is 25 feet (8 m) above sea level at a location of 33°37′0″N 117°53′51″W / 33.61667°N 117.89750°W / 33.61667; -117.89750 (33.616671, −117.897604). The city is bordered on the west by Huntington Beach at the Santa Ana River; on the north by Costa Mesa, John Wayne Air...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

Comments about the Cost of Living in Newport Beach, CA

Buying a home and the cost of living

If you want to buy a home in the beautiful state of California, you will find that it is one of the highest residential home markets in the country. Purchasing a home can be a lengthy and complex process. Besides the down payment, which is usually 15-20% of the selling price, there will be closing costs. If you own a home in your former location the sale of that home needs to be completed as well. Once you have purchased and moved into your new home, there will be utility and maintenance costs as well as property taxes and home insurance that will contribute to your cost of living. The advantages of living in California are many, but the high cost of buying a home is not one of them. ( 2024-03-27 salary.com )

Healthcare access and affordability and your cost of living

California is ranked number 23 out of all states in overall healthcare access and affordability. Healthcare costs make up a significant part of the cost of living. The ability to afford healthcare as well as the ability to access care are key indicators of how much you will be paying for this important resource if you move to another state. Affordability is generally measured by the rates set for insurance coverage in a state, as well as the out-of-pocket expenses that need to be paid by you when receiving the care. If rates or out-of-pocket expenses are high, your cost of living will increase. Access to healthcare is how easy or difficult it may be to receive the care. Access is measured by identifying barriers that might prevent the delivery of care such as the inability to obtain insurance coverage, having to travel long distances to health care centers and lack of sufficient facilities and/or healthcare professionals. The timeliness of care, how fast you can get to see a healthcare provider, is another important measure. ( 2024-03-27 salary.com )


Cost of Living Frequently Asked Questions

What is a Cost of Living index and how is it used?

In the simplest terms, a Cost of Living index is the estimated amount that represents the cost of the basic necessities required for an individual to live. A cost of living or COL estimate may typically include estimates for housing, food, energy, medical care, transportation, taxes, and other necessities. A COL index may be used to measure what the cost difference would be for a person living in a certain location compared to another location. This cost of living comparison helps individuals make decisions about where they would like to live and what they can afford based on the costs in that location. A cost of living comparison can provide guidance about how an increase or decrease in these basic living expenses impacts necessary spending for an individual or a family. ( 2024-03-27 salary.com )

What factors are included in estimating your cost of living?

The Salary.com cost of living calculator estimate is based on data related to five general categories: housing, food, healthcare, transportation, and energy. These are the universally recognized core components of any cost of living estimate and represent those expenses that apply to everyone. Obviously, there may be other factors that could contribute to your particular cost of living situation and not everyone has the same spending habits. For example, education and/or childcare costs might not apply to everyone, but for those who have those expenses, they could be significant and should be considered when you evaluate your cost of living comparison. ( 2024-03-27 salary.com )

The Salary.com cost of living calculator is unique in that it also incorporates current salary data for thousands of jobs specific to a chosen home or work location to provide a more refined estimate of the cost of living variations. You can see how your job and your salary will be impacted by a change of location. If you live in one location but work in another, the cost of living calculator will make those adjustments to provide an accurate estimate of the change in COL. The Salary.com cost of living calculator helps you to make cost of living comparisons cost comparisons easily and quickly. ( 2024-03-27 salary.com )


Last Update: 2024-03-27