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.
Median Household Income
$52,060
Annual · Census ACS
Median Gross Rent
$1,392
Per month · Census ACS
Median Home Value
$373,700
Census ACS
Cost of Living Index
112.6
BEA RPP · US avg = 100
Studio FMR
$1,612
HUD Fair Market Rent
1BR Fair Market Rent
$1,822
HUD FMR
2BR Fair Market Rent
$2,205
HUD FMR
3BR Fair Market Rent
$2,761
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
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
Average AQI
46.0
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
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%
What is the cost of living index for Newark?
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.
What is the median rent in Newark?
The median gross rent in Newark is $1,392 per month according to US Census ACS data.
What is the median household income in Newark?
The median household income in Newark is $52,060 per year.
What is the median home value in Newark?
The median home value in Newark is $373,700 based on the latest Census ACS survey.
How is the air quality in Newark?
Newark has an average Air Quality Index (AQI) of 46.0, which is rated "Good" by the EPA. Lower AQI values indicate cleaner air.
What are the taxes like in Newark?
Tax data for New Jersey is not yet available.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
