metro area, which is ranked 10 out of 273 cities across the US in terms of cost of living. According to C2ER (the Council for Community and Economic Research), the cost of living in Newport Beach is estimated to be 148.5% of the national average making it one of the more expensive cities in the US.
Accordingly, is Newport Beach a rich area?
Newport Beach has another reason to brag: It is the wealthiest place in the nation, by some measurements. The combination of high household incomes and home values brings Newport to the top of Portfolio.com’s new rankings of America’s wealth centers.
Just so, is Newport in LA?
The City of Newport Beach is located in the coastal center of Orange County, with Los Angeles County to the north and San Diego County to the south. It has an estimated permanent population of 86,738 but during the summer months, the population grows to more than 100,000 with 20,000 to 100,000 tourists daily.
What is a good salary in Newport Beach?
Newport Beach, California Jobs by Salary
|Project Manager, (Unspecified Type / General)||Range:$48k – $130k||Average:$78,617|
|Marketing Manager||Range:$50k – $113k||Average:$85,000|
|Office Manager||Range:$39k – $76k||Average:$60,156|
|Financial Analyst||Range:$49k – $88k||Average:$63,510|
Newport Beach, California is known for its upscale shopping and fancy restaurants, but its real charm lies along the coast. Where the city meets the Pacific Ocean, the Balboa Peninsula reaches out like a skinny finger from the mainland. It creates a natural harbor dotted with seven small, human-made islands.
Paradise Cove Bluffs is the most expensive neighborhood in Los Angeles County and the priciest of the twenty-one oceanfront communities in Malibu.
All of the state’s wealthiest communities are found in coastal areas. The San Francisco Bay Area, where the average zip code has a net worth over $450,000 per resident, is the state’s wealthiest region. Sections of Los Angeles, Orange, and San Diego counties also have considerable wealth.
The biggest factor that influences the Newport Beach cost of living index is housing which is 9x the national average. If you’re planning to buy a home after moving to Newport Beach, be prepared for a median home price of $2.35 million.