Cost of Living in Newport News, Virginia
In Newport News, the median household income is $69,634 and the median gross rent is $1,339/mo, with a median home value of $260,600. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $69,634
- Median gross rent
- $1,339/mo
- Median home value
- $260,600
- Population
- 184,216
How Newport News compares to the Virginia average
| Measure | Newport News, VA | Virginia statewide | Difference |
|---|---|---|---|
| Median household income | $69,634 | $93,170 | -25.3% |
| Median gross rent (monthly) | $1,339 | $1,579 | -15.2% |
| Median home value | $260,600 | $383,700 | -32.1% |
Statewide, Virginia prices average 101.1 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Newport News
- Salary needed for median rent
- $53,560
- Rent burden at median income
- 23.1%
- Est. affordable home price
- $254,020
So that $1,339/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Newport News is $260,600 — +2.6% above what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other Virginia cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.