Housing costs in Newark?
A typical home costs
$357,500, which is 5.7% more expensive than the national average of
$338,100 and 6.3% more expensive than the average Delaware home, at
$336,200. Renting a two-bedroom unit in Newark costs
$1,540 per month, which is 15.8% more than the national average of
$1,330 and 4.5% more than the state average of
$1,470.
Can I afford Newark?
To live comfortably in Newark (zip 19711), Delaware, a minimum annual income of
$68,400 for a family, and
$50,800 for a single person is recommended.
What does A.I. say about Newark?
In 1971, living in Newark, DE could be done quite affordably. The cost of living was much lower than it is today. Housing in the area was relatively inexpensive, with an average rent of $77 for a one-bedroom apartment and $97 for a two-bedroom unit. Groceries were also reasonably priced, with a gallon of milk costing around $0.75 and a dozen eggs around $0.63. Utilities such as gas, water, and electricity also tended to be cheaper than they are now, while gasoline was available at around 40 cents per gallon. All in all, in 1971 Newark was an affordable place to live.