Newark, NY Cost Of Living

Demographics | Cost Of Living | Photos
Updated: 2020-03-08
88
Newark's Overall Cost Of Living
0.9x
Lower Than The National Average
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, NY?

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.

For more reading on life in Newark, check out:

Newark Cost Of Living Vs. New York

Living Expense Newark New York National Average
Overall 88 117 100
Services 107 108 100
Groceries 98 108 100
Health 100 101 100
Housing 54 145 100
Transportation 102 102 100
Utilities 95 97 100
For more reading on cost of living around New York, check out:
Newark Cost of Living Vs. NY

Newark, NY Housing Cost Breakdown

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.

$90,400
Median Home Value
$731
Median Rent
$41,988
Median Income
Statistic Newark New York United States
Median Home Value $90,400 $302,200 $204,900
Median Rent $731 $1,240 $1,023
Median Income $41,988 $65,323 $60,293
Home Value To Income 2.2x 4.6x 3.4x
Rent To Monthly Income 0.21x 0.23x 0.2x

Newark SnackAbility

5
/10
Overall SnackAbility
Jobs
5/10
Housing
5
Affordability
8
Diversity
8
Safety
5
Amenities
8.5
Education
6
Commute
8.5

Cost Of Living In Cities Around Newark

City Population Cost Of Living Vs. Newark
Geneva, NY 12,888 86 1.0x
Canandaigua, NY 10,348 98 1.1x
Seneca Falls, NY 6,032 88 1.0x
Fairport, NY 5,349 99 1.1x

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