Median rent is 35% lower in Newark ($1,392/mo vs $2,147/mo). Buying is cheaper in Newark, where the median home runs $373,700 versus $731,700. Households earn more in Boston ($97,344 vs $52,060 a year). Taken together, Boston is the more affordable choice with a cost index of 110.4 against 112.6 — about 2% lower overall prices. After adjusting income for local prices, a typical paycheck stretches further in Boston, MA.
Cost of living verdict
Boston is 2% cheaper overall
Cost of Living Index: 110.4 in Boston vs 112.6 in Newark (US national average = 100)
City A
Boston, MA
City B
Newark, NJ
How much would you need to earn in Newark, NJ to maintain your standard of living from Boston, MA?
Equivalent salary in Newark, NJ
$76,530
You'd need $1,530 more (2% higher).
Based on BEA Regional Price Parity (cost index) for each metro area. This estimates overall purchasing power; it does not account for taxes or take-home pay differences.
Metric
Boston
Massachusetts
Newark
New Jersey
Population
Median Household Income
Annual
Median Gross Rent
Per month
Median Home Value
Cost of Living Index
US avg = 100
1BR Fair Market Rent
HUD FMR
2BR Fair Market Rent
HUD FMR
3BR Fair Market Rent
HUD FMR
Air Quality Index
Lower = cleaner
Top State Income Tax
Top marginal rate
State Sales Tax
Statewide base rate
Median Age
Years
✓ = better value · Sources: Census ACS, BEA, HUD Fair Market Rents, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in Newark — median rent of $1,392/mo versus $2,147/mo in Boston, a 35% difference. Home buyers face a steeper market in Boston: the median home is $731,700 versus $373,700 in Newark — 49% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
State tax data is not yet available for these cities.
Boston
Income tax: N/A
Sales tax: N/A
Newark
Income tax: N/A
Sales tax: N/A
Boston has cleaner air on average: 31.0 AQI (Good) compared to 46.0 AQI (Good) in the other city. Lower AQI means cleaner, healthier air.
Pick Boston if you prioritize higher median household income ($97,344/yr).
Pick Newark if you prioritize cheaper rent ($1,392/mo median).
Pick Boston if you prioritize cleaner air quality (avg AQI 31.0).
Is Boston cheaper than Newark?
Boston is cheaper overall, with a cost of living index of 110.4 versus 112.6 (US average = 100). That means prices run about 2% lower in Boston.
How much is rent in Boston vs Newark?
Median rent is $2,147/mo in Boston, MA and $1,392/mo in Newark, NJ. Newark, NJ has the lower rent by about 35%.
Which has higher salaries — Boston or Newark?
Median household income is $97,344 in Boston, MA and $52,060 in Newark, NJ. Boston, MA has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Boston, MA has better air quality on average: 31.0 AQI versus 46.0 AQI. Both are EPA AirNow annual averages; lower is better.
Which has lower taxes — Boston or Newark?
State tax data is not yet available for one or both cities.
What salary do I need in Newark to match my Boston income?
To maintain the same purchasing power, a salary of $100,000 in Boston, MA is equivalent to roughly $102,040 in Newark, NJ (using the BEA Regional Price Parity ratio). Use the salary calculator above for any income amount.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
