Housing costs in Newark?
A typical home costs
$312,200, which is 7.7% less expensive than the national average of
$338,100 and 19.6% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Newark costs
$910 per month, which is 43.8% cheaper than the national average of
$1,620 and 19.8% cheaper than the state average of
$1,090.
Can I afford Newark?
To live comfortably in Newark (zip 21841), Maryland, a minimum annual income of
$59,760 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Newark?
The cost of living in Newark, MD 21841 is relatively low compared to other cities and towns throughout the United States. It has a lower cost of living index than most places, with housing prices that are well below average for the country. The median home price in Newark is around $167,600 which is significantly less than the national median of $200,000. Groceries and utilities are also more affordable than most areas in the US. In addition, there are many tax benefits associated with living in Newark, making it an attractive place to live for those looking for an affordable place to call home.