This problem involves calculating the change in sound level (noise level) as the distance from a point source changes. We can use the relationship between sound level, intensity, and distance.
Use the formula relating sound level difference to distance:
$L_1 - L_2 = 20 \log_{10} \left( \frac{r_2}{r_1} \right)$
Substitute the known values into the formula:
$70 \text{ dB} - L_2 = 20 \log_{10} \left( \frac{80 \text{ m}}{20 \text{ m}} \right)$
Calculate the ratio of the distances:
$\frac{80}{20} = 4$
The equation becomes:
$70 \text{ dB} - L_2 = 20 \log_{10}(4)$
Calculate the value of $\log_{10}(4)$. Note that $\log_{10}(4) \approx 0.602$.
$70 \text{ dB} - L_2 = 20 \times 0.602$
$70 \text{ dB} - L_2 \approx 12.04 \text{ dB}$
Rearrange the equation to find $L_2$:
$L_2 = 70 \text{ dB} - 12.04 \text{ dB}$
$L_2 \approx 57.96 \text{ dB}$
Rounding the result to the nearest whole number gives $58$ dB. Therefore, the noise level at 80 m is approximately 58 dB.