Is Newport, Kentucky a Good Place To Live? - Living In Newport, KY

Is Newport, Kentucky a good place to live?
Newport is a city in Kentucky state in USA with a population of 15045 residents.. The poverty rate of Newport is 26.4%, which is 89% higher than national average. The typical household in Newport earns $39335 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 7 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 57.6% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Newport, only 84% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Newport remained 6.5%, which is 38% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Newport, only 32% of adults have a bachelor's degree and 24% have some college but no degree.

Cost of living in Newport is 89, which is 11% lower than national average. Median home value in Newport is $162000 , which is 30% lower than national average. While median income in Newport remained $39335, which is 42% lower than national average.
Population
15045
Unemployment
6.5%
38% NAT AVG.
Poverty
26.4%
89% NAT AVG.
Overall Score
6
Median Home Cost
$162000
30% NAT AVG.
Median Income
$39335
42% NAT AVG.
Median Rent
$722
38% NAT AVG.
Cost Of Living
89
11% NAT AVG.
People Living BPL
1 in 4
Unemployed People
1 in 15
People Earning < $10,000
1 in 7
People Earning < $50,000
57.6%
People with <= High School
1 in 2.3
People With Any Degree
1 in 2.6
Pros & Cons Overview

Jobs50%

Housing60%

Affordability50%

Safety50%

Amenities90%

Diversity70%

Education70%

Commute80%