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Apartments Near Newport
For SaleNewport, RI Homes for Sale
Living 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.
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