Housing costs in Newark?
A typical home costs
$116,000, which is 65.7% less expensive than the national average of
$338,100 and 45.4% less expensive than the average Missouri home, at
$212,300. Renting a two-bedroom unit in Newark costs
$710 per month, which is 50.3% cheaper than the national average of
$1,430 and 33.8% cheaper than the state average of
$950.
Can I afford Newark?
To live comfortably in Newark, Missouri, a minimum annual income of
$22,320 for a family, and
$21,600 for a single person is recommended.
What does A.I. say about Newark?
The cost of living in Newark, MO is quite affordable compared to many other areas. Housing costs are relatively low, with the median listing price for a home at just over $100,000. The cost of groceries and other household expenses is also lower than average for the state of Missouri, making it an attractive option for those looking for an economical place to live. Utilities, such as electricity and gas, tend to be slightly higher than the national average but still quite reasonable. Healthcare costs are also competitive with larger cities in the area, due to several local hospitals providing services. All things considered, Newark is an attractive option for those looking to save money while still enjoying a high quality of life.