Apartments for rent in Newport, RI

The small city of Newport, Rhode Island is home to slightly less than 25,000 people. Young adults (15-24) account for a greater percentage of the population here (18%) than nationally (14%), meaning they will find a surplus of activities, though young professionals are well-represented as well. With an average age of just under 40, the city ranks as the 10th-youngest municipality in the state. Homeowners tend to be in the minority in the area, and 60% of residents are renting despite an average rent of $1,199 per month, which exceeds the state average by $233 a month.

Workers are spread across a wide range of industries in Newport, the most common four of which are entertainment, healthcare, education, and retail. Combined, these industries account for 29% of the labor force in the city. Meanwhile, in terms of job function, many residents work in management, as 8% of the city's population reports this as their field of work, the highest number of any career path. Newport workers bring in an average annual income of almost $80,000, more than the average Rhode Island resident. Newport's average income also compares favorably to the national average ($73,345). Compared to the national average (7%), Newport has a high percentage of residents over the age of 25 with advanced degrees, as 12% possess a Master's or a Doctoral degree. Further, 23% have a Bachelor's degree, which also outpaces the national average.

Newport's average commute time ranks as one of the best in Rhode Island at about 22 minutes, 3rd-fastest in the state. Many residents (39%) drive their car or truck to work, while public transit isn't used extensively. Few residents (8%) walk to work, though the number far surpasses the national average.