Housing costs in Newark?
A typical home costs
$340,000, which is 0.6% more expensive than the national average of
$338,100 and 1.1% more expensive than the average Delaware home, at
$336,200. Renting a two-bedroom unit in Newark costs
$1,460 per month, which is 9.8% more than the national average of
$1,330 and close to the state average of
$1,470.
Can I afford Newark?
To live comfortably in Newark (zip 19717), Delaware, a minimum annual income of
$65,160 for a family, and
$48,400 for a single person is recommended.
What does A.I. say about Newark?
In 19717 Newark, DE, the cost of living was relatively low. The median home price was around $90,000 which was much less than the national average at the time. Groceries and other everyday goods were also relatively inexpensive. Additionally, utilities were quite affordable and public transport made getting around town both convenient and affordable. As a result, this contributed to making Newark an attractive place to live for families on a budget.