Newark (zip 19716), Delaware gets a BestPlaces Cost of Living index of 104.1, which means the total cost of housing, food, child care, transportation, health care, taxes, and other necessities is 4.1 percent higher than the U.S. average and 0.6 percent lower than the average for Delaware.
A typical home costs $365,000, which is 8.0 percent more expensive than the national average of $338,100 and 8.6 percent more expensive than the average Delaware home, at $336,200. Renting a two-bedroom unit in Newark costs $1,440 per month, which is 8.3 percent more than the national average of $1,330 and 2.1 percent cheaper than the state average of $1,470.
To live comfortably in Newark (zip 19716), Delaware, a minimum annual income of $69,840 for a family, and $47,600 for a single person is recommended.