Boston vs Newport News: Cost of Living Comparison

How does the cost of living in Boston, Massachusetts compare to Newport News, Virginia? Below is a side-by-side breakdown of housing costs, income, wages, and taxes using official government data.

Summary: Newport News is the more affordable city overall. Housing costs are 193% higher in Boston compared to Newport News, while rent is 64% higher. State income tax is 9% in MA vs 5.75% in VA.

MetricBoston, MANewport News, VADiff
Housing
Median Home Value$684,900$233,400+193.4%
Median Monthly Rent$1,981$1,209+63.9%
Income
Median Household Income$89,212$63,355+40.8%
Per Capita Income$55,949$36,135+54.8%
Taxes
State Income Tax Rate9.0%5.8%+56.5%
Combined Sales Tax6.3%5.8%+8.7%
Demographics
Population665,945185,118+259.7%

Source: U.S. Census Bureau ACS 5-Year Estimates (2022), Freddie Mac Primary Mortgage Market Survey. State/local tax rates from Tax Foundation (2024).

Rent vs. Buy Calculator — Boston

Monthly Mortgage (P&I)
$3,420
Property Tax
$628/mo
Insurance
$200/mo
Total Monthly Cost to Own
$4,248
Renting saves $2,267/mo
Based on $1,981/mo rent vs $4,248/mo ownership cost. Does not include equity buildup, maintenance, or tax deductions.

Default home price from Census ACS median. Mortgage rate: 6.38% (Freddie Mac PMMS, March 2026). Property tax est. 1.1%, insurance est. 0.35% of home value annually.

Rent vs. Buy Calculator — Newport News

Monthly Mortgage (P&I)
$1,166
Property Tax
$214/mo
Insurance
$68/mo
Total Monthly Cost to Own
$1,448
Renting saves $239/mo
Based on $1,209/mo rent vs $1,448/mo ownership cost. Does not include equity buildup, maintenance, or tax deductions.

Default home price from Census ACS median. Mortgage rate: 6.38% (Freddie Mac PMMS, March 2026). Property tax est. 1.1%, insurance est. 0.35% of home value annually.

Key Takeaways

Methodology

This comparison uses data from the U.S. Census Bureau American Community Survey 5-Year Estimates (2022) for median household income, median home value, median gross rent, per capita income, and population. State and local tax rates are sourced from the Tax Foundation. Mortgage rates are from the Freddie Mac Primary Mortgage Market Survey (updated weekly).

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