Housing costs in Newark?
A typical home costs
$306,300, which is 9.4% less expensive than the national average of
$338,100 and 2.9% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Newark costs
$940 per month, which is 34.3% cheaper than the national average of
$1,430 and 36.2% cheaper than the state average of
$1,280.
Can I afford Newark?
To live comfortably in Newark, Texas, a minimum annual income of
$58,680 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Newark?
The cost of living in Newark, TX is relatively low compared to other cities in the state. The median home value is $99,000 and the average rent for a one-bedroom apartment is $494, making it an affordable place to live. Additionally, groceries, utilities and health care costs are all below the national average. All of these factors help make Newark an ideal place for individuals and families looking to save money on their living expenses.