The 10 Cheapest Newark, NJ Neighborhoods To Live In For 2022


We used science and data to determine which neighborhoods in Newark are the cheapest of the cheap.

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Everything else equal, I think we can all agree that living in a cheaper place is better than living in a more expensive place.

I'd much rather pay $500/mo in rent than $1,000. And I'd rather pay $2 for coffee than $5.

And while every neighbhorhood in Newark might be more expensive than living in rural New Jersey, there are certain neighborhoods that are definitely cheaper.

So what exactly are those Newark neighborhoods where your dollar goes a little further -- you can get that one bedroom instead of the studio?

Instead of relying on public opinion and speculation, we wanted to get the facts straight and find out which neighborhoods in Newark are the cheapest.

What's the cheapest neighborhood to live in Newark for 2022? According to the most recent census data, Dayton-Weequahic Park looks to be the cheaptest Newark neighborhood to live in.

At this point we should make it clear that you do get what you pay for -- some of these neighborhoods might not be the best places to live in Newark. You could be sacrificing location or crime rates in return for more space and cheaper groceries.

Read on to see how we determined the places around Newark that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Newark.

Once you're done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from cheapest to most expensive.

For more New Jersey reading, check out:

The 10 Cheapest Neighborhoods To Live In Newark For 2022

Overall SnackAbility

3
/10

Population: 2,788
Cost Of Living Index: 92 (2nd cheapest)
Home Value To Income Ratio: 3.7 (4th cheapest)
Rent To Income Ratio: 0.02 (cheapest)
More on Dayton-Weequahic Park: Homes For Sale | Data

Overall SnackAbility

6
/10

Population: 5,389
Cost Of Living Index: 98 (4th cheapest)
Home Value To Income Ratio: 3.0 (2nd cheapest)
Rent To Income Ratio: 0.021 (3rd cheapest)
More on Central Business District: Homes For Sale | Data

Overall SnackAbility

4
/10

Population: 12,462
Cost Of Living Index: 92 (2nd cheapest)
Home Value To Income Ratio: 3.0 (cheapest)
Rent To Income Ratio: 0.027 (12th cheapest)
More on Springfield-Belmont: Homes For Sale | Data

Overall SnackAbility

8
/10

Population: 17,181
Cost Of Living Index: 108 (14th cheapest)
Home Value To Income Ratio: 3.7 (3rd cheapest)
Rent To Income Ratio: 0.02 (2nd cheapest)
More on Lower Vailsburg: Homes For Sale | Data

University Heights Newark, NJ

Overall SnackAbility

6
/10

Population: 9,646
Cost Of Living Index: 103 (8th cheapest)
Home Value To Income Ratio: 4.0 (6th cheapest)
Rent To Income Ratio: 0.025 (6th cheapest)
More on University Heights: Homes For Sale | Data

Overall SnackAbility

5
/10

Population: 11,776
Cost Of Living Index: 98 (4th cheapest)
Home Value To Income Ratio: 3.8 (5th cheapest)
Rent To Income Ratio: 0.03 (16th cheapest)
More on South Broad Street: Homes For Sale | Data

Overall SnackAbility

5
/10

Population: 2,585
Cost Of Living Index: 101 (6th cheapest)
Home Value To Income Ratio: 4.1 (8th cheapest)
Rent To Income Ratio: 0.027 (11th cheapest)
More on Lower Clinton Hill: Homes For Sale | Data

Overall SnackAbility

8
/10

Population: 14,689
Cost Of Living Index: 109 (16th cheapest)
Home Value To Income Ratio: 4.0 (7th cheapest)
Rent To Income Ratio: 0.024 (5th cheapest)
More on Upper Vailsburg: Homes For Sale | Data

Weequahic Newark, NJ

Source: Public domain
Overall SnackAbility

7
/10

Population: 20,878
Cost Of Living Index: 106 (12th cheapest)
Home Value To Income Ratio: 4.7 (11th cheapest)
Rent To Income Ratio: 0.026 (7th cheapest)
More on Weequahic: Homes For Sale | Data

Overall SnackAbility

6
/10

Population: 7,187
Cost Of Living Index: 105 (10th cheapest)
Home Value To Income Ratio: 4.9 (14th cheapest)
Rent To Income Ratio: 0.026 (8th cheapest)
More on Mount Pleasant: Homes For Sale | Data

Methodology: How We Determined The Cheapest Newark Hoods In 2022

In order to rank the cheapest places to live in Newark, we had to determine what criteria defines "cheap".

Using census and extrapolated BLS data, we arrived at the following set of criteria:

  • Overall Cost Of Living
  • Rent To Income Ratio
  • Median Home Value To Income Ratio

We then ranked each neighborhood with scores from 1 to 20 in each category, where 1 was the cheapest.

Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.

And finally, we crowned the neighborhood with the lowest cheapest neighborhood index the "Cheapest City Neighborhood In Newark." We're lookin' at you, Dayton-Weequahic Park.

Read on below to learn more about what it's like to live in the cheapest places Newark. Or skip to the end to see the list of all the neighborhoods in the city from cheapest to most expensive.

Summary: Lowest Cost Places To Live In Newark

If you're measuring the neighborhoods in Newark where prices are low and it's cheap to live, this is an accurate list.

As we mentioned earlier, the neighborhoods in Newark aren't all cheap. North Broadway takes the title of the most expensive neighborhood to live in Newark.

We ranked the neighborhoods from cheapest to most expensive in the chart below.

For more New Jersey reading, check out:

Detailed List Of The Cheapest Neighborhoods To Live In Newark For 2022

Rank Neighborhood Cost Of Living Index
1 Dayton-Weequahic Park 92
2 Central Business District 98
3 Springfield-Belmont 92
4 Lower Vailsburg 108
5 University Heights 103
6 South Broad Street 98
7 Lower Clinton Hill 101
8 Upper Vailsburg 109
9 Weequahic 106
10 Mount Pleasant 105
11 Lower Roseville 99
12 North Ironbound 110
13 Upper Clinton Hill 107
14 Seventh Avenue 104
15 West Side 101
16 Upper Roseville 110
17 Fairmuont 106
18 South Ironbound 118
19 Forest Hill 109
20 North Broadway 109

Editor's Note: We updated this article for 2022. This is our third time ranking the cheapest neighborhoods to live in Newark.

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.