Newark, NJ Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
112
Newark's Overall Cost Of Living
1.1x
Higher Than The National Average
50 out of 251
In New Jersey
4,296 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Newark is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Newark, NJ?

According to the most recent data on the cost of living, Newark has an overall cost of living index of 112 which is 1.1x higher than the national index of 100.

Compared to only New Jersey, Newark has a cost of living index that's 0.9x lower than New Jersey's index of 121.

The standard of living in Newark ranks as #4,298 most affordable out of the 6,418 places we measured in New Jersey. By definition, that implies Newark ranks as the #2,121 most expensive place in the Garden State.

For more reading on life in Newark, check out:

Newark Cost Of Living Vs. New Jersey

Living Expense Newark New Jersey National Average
Overall 112 121 100
Services 116 107 100
Groceries 109 107 100
Health 95 100 100
Housing 116 160 100
Transportation 106 106 100
Utilities 104 98 100
For more reading on cost of living around New Jersey, check out:
Newark Cost of Living Vs. NJ

Newark, NJ Housing Cost Breakdown

Housing swings affordability the most between places in New Jersey, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$254,900
Median Home Value
$1,116
Median Rent
$37,476
Median Income
Statistic Newark New Jersey United States
Median Home Value $254,900 $343,500 $229,800
Median Rent $1,116 $1,368 $1,096
Median Income $37,476 $85,245 $64,994
Home Value To Income 6.8x 4.0x 3.5x
Rent To Monthly Income 0.36x 0.19x 0.2x

Detailed Newark Services Costs Vs. New Jersey

Item Newark New Jersey
Shampoo $1.0 $1.06
Movie $12.49 $10.68
Bowling $18.0 $14.67

Detailed Newark Groceries Costs Vs. New Jersey

Item Newark New Jersey
Ground Beef $4.09 $4.22
Fried Chicken $1.79 $1.39
Milk $2.44 $2.05

Detailed Newark Health Costs Vs. New Jersey

Item Newark New Jersey
Haircut $20.93 $18.62
Beauty Salon $36.53 $39.05
Toothpaste $2.22 $2.34

Detailed Newark Transportation Costs Vs. New Jersey

Item Newark New Jersey
Potatoes $3.25 $3.29
Pizza $11.36 $10.62
Beer $9.32 $9.38
Optometrist $106.0 $108.57
Doctor $91.0 $116.17
Dentist $102.33 $99.13

Detailed Newark Utilities Costs Vs. New Jersey

Item Newark New Jersey
Gasoline $2.37 $2.22
Tire Balancing $54.12 $50.07
All Electricity $178.53 $167.67
Phone $179.87 $175.64

Newark SnackAbility

4
/10
Overall SnackAbility
Jobs
4/10
Housing
8.5
Affordability
3
Diversity
9.5
Safety
5
Amenities
10
Education
4
Commute
4

Cost Of Living In Cities Around Newark

City Population Cost Of Living Vs. Newark
Elizabeth, NJ 128,484 118 1.1x
East Orange, NJ 64,650 108 1.0x
Kearny, NJ 41,190 124 1.1x
Westfield, NJ 29,690 170 1.5x
Harrison, NJ 18,313 123 1.1x
North Arlington, NJ 15,681 129 1.2x
Hasbrouck Heights, NJ 12,026 134 1.2x
Glen Rock, NJ 11,747 163 1.5x
Florham Park, NJ 11,719 165 1.5x
Franklin Lakes, NJ 11,044 207 1.8x

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