Newark, NJ Cost of Living


26 Reviews



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Newark cost of living score
135
More expensive
35.0% higher
than the US average
12.7% higher
than the New Jersey average
Newark, New Jersey gets a BestPlaces Cost of Living score of 135, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 35.0% higher than the U.S. average and 12.7% lower than the average for New Jersey.

Newark, NJ

Housing costs in Newark?
A typical home costs $385,700, which is 14.1% more expensive than the national average of $338,100 and 10.7% less expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Newark costs $1,390 per month, which is 2.8% cheaper than the national average of $1,430 and 23.0% cheaper than the state average of $1,710.

Can I afford Newark?
To live comfortably in Newark, New Jersey, a minimum annual income of $73,800 for a family, and $46,400 for a single person is recommended.

What does A.I. say about Newark?
Newark, New Jersey boasts both affordability and exciting attractions - allowing you to get the best out of your money. Homeowners can find plenty of housing choices ranging from inexpensive single family homes to luxurious penthouses - while renters also have access to even more attractive deals now than ever before. Additionally, groceries and transportation expenses are relatively low when compared with other parts of the country - making Newark a great option if you want stick within budget.
   Cost of living score
     CategoriesNewarkNew JerseyUnited States
  135.0119.8100.0
  103.7105.8100
  99.196.9100.0
  120.6136.4100.0
  $385,700$432,100$338,100
  114.1%109.2%100.0%
  156.1127.7100.0
  109.9112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Newark
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Over 3 years ago

Newark is straight garbage.  More

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Newark's Ironbound is extremely dangerous, there is a lot of crime, the police are just good at hiding it. It usually doesn't happen on Ferry St., but does 1/2 block  More

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Over 11 years ago

I have worked and lived in Newark for 20 years. I raised 3 children. Two of my children went on to college, graudated with Accountant Degree and the other one in  More

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