Everything You Need to Know About the City of Newport Rhode Island

In 2017, Newport, Rhode Island had a population of 24.7k people with a median age of 35.9 and a median household income of $65,365 dollars. Between 2016 and 2017 the population of Newport, RI grew from 24,570 to 24,745, a 0.712 percent increase and its median household income grew from $59,794 dollars to $65,365 dollars, a 9.32 percent increase.

The population of Newport, RI is 76.6 percent White Alone, 11.2 percent Hispanic or Latino, and 4.87 percent Black or African American Alone. N/A% of the people in Newport, RI speak a non-English language, and 94.2 percent are U.S. citizens.

The biggest universities in Newport, RI are Salve Regina University and International Yacht Restoration School.

The median property value in Newport, RI is $405,700 dollars, and the homeownership rate is 40.4 percent. Most people in Newport, RI commute by Drove Alone, and the average commute time is 17.6 minutes. The average car ownership in Newport, RI is 2 cars per household.


Education in Newport

In 2017, universities in Newport, RI awarded 838 degrees. The student population of Newport, RI is skewed towards women, with 1,037 male students and 1,880 female students.

Most students graduating from Universities in Newport, RI are White (663 and 82.2 percent), followed by Unknown (67 and 8.3 percent), Hispanic or Latino (44 and 5.45 percent), and Black or African American (16 and 1.98 percent).

The largest universities in Newport, RI by the number of degrees awarded are Salve Regina University (767 and 91.5 percent) and International Yacht Restoration School (71 and 8.47 percent).

The most popular majors in Newport, RI are General Business Administration & Management (102 and 12.2 percent), Registered Nursing (90 and 10.7 percent), and Criminal Justice – Law Enforcement Administration (77 and 9.19 percent).

The median tuition costs in Newport, RI are $38,386 dollars for private four-year colleges, and $N/A and $N/A respectively, for public four-year colleges for in-state students and out-of-state students.


Economy in Newport

The economy of Newport, RI employs 12.5k people and Newport has an unemployment rate of 3.4 percent. Newport has seen the job market increase by 1.5 percent over the last year. Future job growth over the next ten years is predicted to be 35.8 percent, which is higher than the US average of 33.5 percent. The largest industries in Newport, RI are Health Care & Social Assistance (1,910 people), Educational Services (1,553 people), and Accommodation & Food Services (1,670 people), and the highest paying industries are Management of Companies & Enterprises ($97,344 dollars), Public Administration ($79,083 dollars), and Utilities ($67,670 dollars).

Households in Newport, RI have a median annual income of $65,365 dollars, which is more than the median annual income of $61,937 dollars across the entire United States. This is in comparison to a median income of $59,794 dollars in 2016, which represents a 9.32 percent annual growth.


Tax Rates for Newport

– The Sales Tax Rate for Newport is 7.0 percent

– The Income Tax Rate for Newport is 3.8 percent.

– Tax Rates can have a big impact when Comparing the Cost of Living.


Income and Salaries for Newport

– The average earnings of a Newport resident are $40,773 dollars a year.

– The Median household earnings of a Newport resident is $61,320 dollars a year.