Housing costs in East Newark?
A typical home costs
$483,300, which is 42.9% more expensive than the national average of
$338,100 and 11.8% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in East Newark costs
$1,930 per month, which is 35.0% more than the national average of
$1,430 and 11.4% more than the state average of
$1,710.
Can I afford East Newark?
To live comfortably in East Newark, New Jersey, a minimum annual income of
$92,520 for a family, and
$67,200 for a single person is recommended.
What does A.I. say about East Newark?
The cost of living in East Newark, NJ is very reasonable, with housing prices and rent costs that are below the national average. The cost of groceries is also quite low compared to other cities, as well as the cost of eating out and entertainment. With its close proximity to New York City, many residents enjoy a short commute and access to great shopping, culture, and entertainment without having to pay the high costs associated with living in a larger city. For those wanting an affordable place to live yet still have easy access to all the amenities of the big city life, East Newark is an ideal option.