Newark, New Jersey has an overall cost of living index of 112.6, which is 12.6 points above the US average of 100 — making it pricier than most American cities. Renters pay a median of $1,392 per month, while the typical home is valued around $373,700. Households earn a median of $52,060 per year, so rent absorbs a relatively high share of local income. Air quality is good, with an average AQI of 46. Below: housing costs, local wages by occupation, neighborhoods, climate, jobs and major industries, and healthcare access — all drawn from US Census, BEA, BLS, HUD, EPA, and NOAA data.
$52,060
Median Income / yr
Census ACS
$1,392
Median Rent / mo
Census ACS
$373,700
Median Home Value
Census ACS
112.6
Cost of Living Index
Studio FMR
$1,612
HUD · FY2024
1BR Fair Market Rent
$1,822
HUD · FY2024
2BR Fair Market Rent
$2,205
HUD · FY2024
3BR Fair Market Rent
$2,761
HUD · FY2024
Fair Market Rent is the 40th percentile of gross rents in the metro area · HUD FY2024
Each category indexed to the US average of 100. Below 100 = cheaper than average.
Overall
112.6
Goods
108.3
Rents / Housing
149.7
Services
129.1
Source: BEA Regional Price Parities (metro-level)
| Occupation | Median Annual Wage |
|---|---|
| Software Developer | $161,090 |
| Registered Nurse | $115,650 |
| Elementary Teacher | $95,140 |
| Electrician | $85,440 |
| Accountant | $121,970 |
| Plumber | $91,060 |
| Nurse Practitioner | $260,160 |
| Civil Engineer | $121,640 |
| Operations Manager | $187,140 |
| Market Research Analyst | $102,680 |
| Health Services Manager | $183,580 |
| Truck Driver | $69,180 |
| Physician Assistant | N/A |
| Surgeon | N/A |
| Data Scientist | N/A |
| Computer Engineer | $140,050 |
Source: BLS OEWS 2023 (metro-level data)
Population
310,178
Latest estimate
Median Age
34.7 yrs
Census ACS
46.0
Good0 = clean · 50 = moderate boundary · lower is better
Source: EPA AirNow
Total Neighborhoods
9
Tracked in our database
Avg Walk Score
N/A
0–100 scale
Avg Median Rent
$1,173
Per month
Avg Home Value
$329,578
Census ACS
| Neighborhood | Walk Score | Median Rent | Home Value |
|---|---|---|---|
| ZIP 07102 | — | $1,159 | $368,400 |
| ZIP 07103 | — | $1,216 | $238,900 |
| ZIP 07104 | — | $1,280 | $330,000 |
| ZIP 07105 | — | $1,520 | $430,000 |
| ZIP 07106 | — | $1,163 | $282,800 |
| ZIP 07107 | — | $1,239 | $317,400 |
| ZIP 07108 | — | $1,055 | $298,200 |
| ZIP 07112 | — | $1,301 | $291,200 |
| ZIP 07114 | — | $625 | $409,300 |
January Avg
33°F
July Avg
79°F
Sunny Days / Year
—
Annual Snowfall
—
Climate category: Temperate · Source: NOAA/NCEI 30-year normals.
Healthcare Score
28.4
poor
Hospitals
4
Doctors per 1,000
1.00
Insurance Coverage
80.3%
Newark has a Regional Price Parity (RPP) index of 112.6. The US national average is 100, so Newark is 12.6 points above the national average.
The median gross rent in Newark is $1,392 per month according to US Census ACS data.
The median household income in Newark is $52,060 per year.
The median home value in Newark is $373,700 based on the latest Census ACS survey.
Newark has an average Air Quality Index (AQI) of 46.0, which is rated "Good" by the EPA. Lower AQI values indicate cleaner air.
Tax data for New Jersey is not yet available.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
