Newark, Delaware has an overall cost of living index of 113.0, which is 13.0 points above the US average of 100 — making it pricier than most American cities. Renters pay a median of $1,611 per month, while the typical home is valued around $357,600. Households earn a median of $71,373 per year, leaving rent at a manageable share of income for many residents. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$71,373
Annual · Census ACS
Median Gross Rent
$1,611
Per month · Census ACS
Median Home Value
$357,600
Census ACS
Cost of Living Index
113.0
BEA RPP · US avg = 100
1BR Fair Market Rent
N/A
HUD FMR
2BR Fair Market Rent
N/A
HUD FMR
3BR Fair Market Rent
N/A
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
Each category is indexed to the US average of 100. Below 100 = cheaper than average.
Overall
113.0
Goods
107.8
Rents / Housing
154.3
Services
119.8
Source: BEA Regional Price Parities (metro-level)
State Income Tax
6.60%
Top marginal rate
State Sales Tax
None
No statewide sales tax
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | $152,100 |
| 🏥Registered Nurse | $111,210 |
| 📚Elementary Teacher | $96,450 |
| ⚡Electrician | $85,650 |
| 📊Accountant | $119,050 |
Source: BLS OEWS 2023 (metro-level data)
Population
30,309
Latest estimate
Median Age
22 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
What is the cost of living index for Newark?
Newark has a Regional Price Parity (RPP) index of 113.0. The US national average is 100, so Newark is 13.0 points above the national average.
What is the median rent in Newark?
The median gross rent in Newark is $1,611 per month according to US Census ACS data.
What is the median household income in Newark?
The median household income in Newark is $71,373 per year.
What is the median home value in Newark?
The median home value in Newark is $357,600 based on the latest Census ACS survey.
How is the air quality in Newark?
Air quality data for Newark is not yet available.
What are the taxes like in Newark?
Delaware has a top state income tax rate of 6.60% and no statewide sales tax (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology