According to the most recent data on the cost of living, Newark has an overall cost of living index of 88 which is 0.9x lower than the national index of 100.
Compared to only New York, Newark has a cost of living index that's 0.8x lower than New York's index of 117.
The standard of living in Newark ranks as #1324 most affordable out of the 6522 places we measured in New York. By definition, that implies Newark ranks as the #5083 most expensive place in the Empire State.
|Living Expense||Newark||New York||National Average|
Housing swings affordability the most between places in New York, 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.