ZIP Code 02840

In ZIP code 02840, which covers Newport, households earn a median of $86,250, while per-capita income reaches $58,362. Homes here carry a median value of $746,900, and the county-level effective property tax rate is 0.89%. Sales tax adds up to 7.00% on purchases. Pairing that home value with the property tax rate yields a substantial annual bill, so housing costs weigh heavily against local earnings. The sales tax applies broadly to everyday spending, further shaping what a household can set aside. Together, these figures sketch a market where incomes are solid but ownership demands real financial reach.