Housing costs in Newark?
A typical home costs
$144,100, which is 57.4% less expensive than the national average of
$338,100 and 65.2% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Newark costs
$1,040 per month, which is 27.3% cheaper than the national average of
$1,430 and 88.5% cheaper than the state average of
$1,960.
Can I afford Newark?
To live comfortably in Newark (zip 14513), New York, a minimum annual income of
$27,720 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, NY (14513) is quite reasonable. Housing costs are relatively low, and the median rent for a two-bedroom apartment is $850. Other monthly expenses, such as food and transportation, are also comparatively low. The estimated cost of living index in Newark is around 94.2, which is 6.8% lower than the national average. This makes it an attractive option for those looking for an affordable place to live while still enjoying the amenities of a city like Newark.