What is a pro or con of living in Newark, New Jerseycompared to Richfield, Minnesota?

Median Home Cost is 26% more expensive in Newark.

What salary do I need to live in Newark, New Jersey copmared to Richfield, Minnesota?

A salary of $50,000 in Richfield, Minnesota should increase to $60,137 in Newark, New Jersey (assumptions include Homeowner, no Child Care, and Taxes are not considered.

What is a cost of living index?

A Cost of living index is a number starting at 100(100 = US Average). Higher means the place is more expensive than the US Average and lower than 100 means the place is less expensive than the US Average.

RICHFIELD vs. NEWARK
Cost of Living Comparison

Richfield, Minnesota vs. Newark, New Jersey

Cost of Living Comparison

The cost of living in Newark, New Jersey is 20.3% more expensive than Richfield, Minnesota.

You would need a salary of $60,137 in Newark, New Jersey to maintain the standard of living you have in Richfield, Minnesota.

Comparison highlights

• Overall, Newark, New Jersey is more expensive than Richfield, Minnesota
• Median Home Cost is the biggest factor in the cost of living difference.

Median Home Cost
26% more expensive in Newark
than in Richfield, Minnesota

Richfield, MN vs. Newark, NJ

Compared to Richfield, Newark is:

Homeowner

No Child Care, Taxes not Considered

20.3% higher

Child Care, Taxes not Considered

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Child Care, Taxes Considered

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No Child Care, Taxes Considered

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Renter

No Child Care, Taxes not Considered

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Child Care, Taxes not Considered

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Child Care, Taxes Considered

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No Child Care, Taxes Considered

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Food

3.0% higher

Housing (Homeowner)

2.1% higher

Housing (Rent)

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Median Home Cost

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Utilities

16.3% higher

Commute

50.7% higher

Health

30.7% higher

Taxes

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Childcare

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Personal

8.1% higher

Cost of Food

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Richfield, Minnesota vs. Newark, New Jersey

Cost of Living Comparison

Comparison highlights

Richfield, MN vs. Newark, NJ

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