New York vs Newark: Cost of Living
6%
New York is about 6% more expensive than Newark overall.
How New York Compares to Newark
Category by category
Renting
▲ 23%
Buying
▲ 96%
Goods
about the same
Services
about the same
Key Facts
| New York | Newark | |
|---|---|---|
| Median Rent | $1,811/mo | $1,475/mo |
| Median Home | $778,600 | $396,600 |
| Median Income | $81,228 | $58,490 |
| State Income Tax | Up to 10.9% | Up to 10.75% |
| Sales Tax | 8.875% | 6.63% |
Housing: The Biggest Difference
Newark has the lower median home price by $382,000. Monthly rent is $336/month cheaper in Newark.
New York vs Newark FAQ
Rent is $336/month cheaper in Newark. New York's median rent is $1,811/month, while Newark's is $1,475/month. Source: Census ACS 2024.
Newark has the lower median home price at $396,600, saving $382,000 compared to New York. Source: Census ACS 2024.