Newark, NJ Cost of Living

26 Reviews

BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.

Newark cost of living score
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

   100=National Average

   Average Rent by Bedroom Size
Reviews for Newark
    See all (26)

Over 3 years ago

Newark is straight garbage.  More

   |    Reply

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

   |    Reply

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

   |    Reply

Start Your Review of Newark

Compare Newark, NJ
cost of living
Compare food, housing, utilities, and more in Newark, New Jersey to any other city in the US.

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.