Newark, OH Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Newark, OH Summary

Cost of living in Newark research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Newark is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Ohio, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Newark is 86, with 100 being the average.

  • The cost of living index in Newark is 0.9x lower than the national average.

  • Newark ranks as the #69 cheapest in Ohio out of 286.

  • Newark ranks as the #938 cheapest out of 6,412 in the US.

  • The median home value in Newark is $139,900.

  • The median income in Newark is $52,570.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
86
Newark's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Newark, OH?

According to the most recent data on the cost of living, Newark has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.

Compared to Ohio, Newark has a cost of living index that's 0.9x lower than Ohio's index of 91.

The standard of living in Newark ranks as #69 most affordable out of the 286 places we measured in Ohio. By definition, that implies Newark ranks as the #217 most expensive place in the Buckeye State.

For more reading on life in Newark, check out:

69 out of 286
In Ohio
938 out of 6,412
In America

Newark Cost Of Living Vs. Ohio

Six factors go into calculating the cost of living index in Newark. Here is how it fairs on each of the criteria:

  • The Services index in Newark is 93.

  • The Groceries index in Newark is 99.

  • The Health index in Newark is 95.

  • The Housing index in Newark is 68.

  • The Transportation index in Newark is 102.

  • The Utilities index in Newark is 86.

Living Expense Newark Ohio National Average
Overall 86 91 100
Services 93 98 100
Groceries 99 101 100
Health 95 95 100
Housing 68 73 100
Transportation 102 98 100
Utilities 86 93 100
For more reading on cost of living around Ohio, check out:
Newark Cost of Living Vs. OH

Newark, OH Housing Cost Breakdown

Housing swings affordability the most between places in Ohio, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Newark is $139,900.

  • The Median Rent in Newark is $820.

  • The Median Income in Newark is $52,570.

  • The Home Value To Income in Newark is 2.7x.

  • The Rent To Monthly Income in Newark is 0.19x.

Statistic Newark Ohio United States
Median Home Value $139,900 $159,900 $244,900
Median Rent $820 $870 $1,163
Median Income $52,570 $61,938 $69,021
Home Value To Income 2.7x 2.6x 3.5x
Rent To Monthly Income 0.19x 0.17x 0.2x
Search Homes For Sale In Newark, OH
$139,900
Median Home Value
$820
Median Rent
$52,570
Median Income

Newark, OH Costs By Category

Detailed Newark Services Costs Vs. Ohio

Item Newark Ohio
Shampoo $0.99 $1.06
Movie $11.0 $10.68
Bowling $17.67 $14.67
Haircut $14.45 $18.62
Beauty Salon $39.83 $39.05

Detailed Newark Groceries Costs Vs. Ohio

Item Newark Ohio
Ground Beef $4.32 $4.22
Fried Chicken $1.16 $1.39
Milk $1.58 $2.05
Potatoes $2.57 $3.29
Pizza $10.24 $10.62
Beer $9.2 $9.38
Toothpaste $1.68 $2.34

Detailed Newark Health Costs Vs. Ohio

Item Newark Ohio
Optometrist $59.28 $108.57
Doctor $130.99 $116.17
Dentist $84.54 $99.13

Detailed Newark Transportation Costs Vs. Ohio

Item Newark Ohio
Gasoline $2.38 $2.22
Tire Balancing $42.38 $50.07

Detailed Newark Utilities Costs Vs. Ohio

Item Newark Ohio
All Electricity $127.64 $167.67
Phone $179.85 $175.64

Newark SnackAbility

5
/10
Overall SnackAbility
Jobs
6/10
Housing
6
Affordability
8
Diversity
6
Safety
5
Amenities
9
Education
6
Commute
8

Cost Of Living In Cities Around Newark

The cost of living varies in the cities and towns around Newark. Here's a quick look at the cost of living in the most populous nearby places:

  • Johnstown, PA has a cost of living index of 82, 1.0x Newark.

  • Pataskala, OH has a cost of living index of 95, 1.1x Newark.

  • New Albany, OH has a cost of living index of 138, 1.6x Newark.

City Population Cost Of Living Vs. Newark
Johnstown, PA 18,647 82 1.0x
Pataskala, OH 17,598 95 1.1x
New Albany, OH 10,962 138 1.6x
Heath, OH 10,429 87 1.0x
Granville, OH 5,675 111 1.3x

Articles About Ohio

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