Cost of Living in Newark, NJ is
19.1% Higher
than the National Average

Did the Cost of Living in Newark, NJ increase in 2024? Newark, NJ area prices were up 1.6% from a year ago. The largest increases were found in Transportation, Food, and Housing.
By using Salary.com's Cost of Living Calculator, you can make a cost of living comparison of the Consumer Price Index (CPI) and salary differentials of over 300+ US cities. Let us help you make an informed decision about what it will cost to live and work in the city of your dreams!
About Newark, New Jersey    Newark (/ˈnjuːərk/,[24] locally /njʊərk/)[25] is the most populous city in the U.S. state of New Jersey and the seat of Essex County.[26] As one of th....More
The federal minimum wage is $7.25 per hour while New Jersey's state law sets the minimum wage rate at $15.13 per hour in 2024. Demands for a living wage that is fair to workers have resulted in numerous location-based changes to minimum wage levels. View future changes in the minimum wage in your location by visiting Minimum Wage Values in Newark, NJ

Cost of Living Calculator



Cost of Living in other Major Cities

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 86.5%
City, State Washington, DC Compared to national average
+ 45.2%
City, State Miami, FL Compared to national average
+ 15.4%
City, State Chicago, IL Compared to national average
+ 12.4%
City, State Boston, MA Compared to national average
+ 53.1%
City, State New York, NY Compared to national average
+ 77.0%
City, State Dallas, TX Compared to national average
+ 7.0%

Cost of Living Newark, NJ by Expense Category

Category Compared to national average
CategoryEnergy Compared to national average
-2.7%
CategoryFood Compared to national average
+ 4.2%
CategoryHealthcare Compared to national average
+ 1.3%
CategoryHousing Compared to national average
+ 14.8%
CategoryTransportation Compared to national average
+ 4.7%

Cost of Living Comparison with Newark, NJ

If you move to Newark from one of these cities, you would have these the changes of your cost of living.


Move From Move To Cost Of Living Comparison
Move FromSan Francisco, CA Move ToNewark, NJ Cost Of Living Comparision
-67.4%
Move FromWashington, DC Move ToNewark, NJ Cost Of Living Comparision
-26.0%
Move FromMiami, FL Move ToNewark, NJ Cost Of Living Comparision
+ 3.8%
Move FromChicago, IL Move ToNewark, NJ Cost Of Living Comparision
+ 6.7%
Move FromBoston, MA Move ToNewark, NJ Cost Of Living Comparision
-34.0%
Move FromNew York, NY Move ToNewark, NJ Cost Of Living Comparision
-57.9%
Move FromDallas, TX Move ToNewark, NJ Cost Of Living Comparision
+ 12.1%

Based on this cost of living comparison, you can see:
If you move from Chicago IL, Dallas, TX, or Miami, FL, the percent increase of your cost of living could be 22.8%, 37.8%, and 24.8%. Looks like this move could have a negative net change in disposable income, so please think carefully!
If you move from New York, NY, San Francisco, CA, or Washington, DC, the percent reduction of your cost of living could be -43.50%, -23%, and -20.10%, that's good news to you that you could be looking at a positive net change in disposable income.


About Newark, NJ

Newark (/ˈnjuːərk/,[24] locally /njʊərk/)[25] is the most populous city in the U.S. state of New Jersey and the seat of Essex County.[26] As one of the nation's major air, shipping, and rail hubs, the city had a population of 285,154 in 2017, making it the nation's 70th-most populous municipality, after being ranked 63rd in the nation in 2000. Settled in 1666 by Puritans from New Haven Colony, Newark is one of the oldest cities in the United States. Its location at the mouth of the Passaic River (where it flows into Newark Bay) has made the city's waterfront an integral part of the Port of New...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia


Comments about the Cost of Living in Newark, NJ

What are the cheapest grocery stores?

Some stores like Price Chopper offer frequent discounts or loyalty programs that can save you even more at the checkout. Since groceries are an essential part of you cost of living, take advantage of discounts whenever you can. ( 2024-04-24 salary.com )

Are there good recreational opportunities in or near Newark, NJ?

I love hockey. In Newark, New Jersey I go to a lot of New Jersey Devils games. The tickets are expensive and add to my entertainment expenses, increasing my cost of living, but it is worth it! It is so much fun to see my favorite team in person. ( 2024-04-24 salary.com )

How much is the average price of internet in Newark, NJ?

The average cost of internet access in the U.S. is $66.20 per month. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. Pricing for various packages can vary a lot even in the same location. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. One tip to reduce this cost and your overall cost of living, is to get cable service from another source like Direct TV, Netflix, Sling, Amazon Prime or others. ( 2024-04-24 salary.com )

I am nervous about moving, what is the typical cost of moving to another city and what should I have to think about?

The average cost of moving to another state is around $5,600 for a distance of 1,200 miles. This price can vary a lot if the distance is greater and depending on how much is being moved. Even if your employer is covering the cost of a move, there will still be costs that are not covered. A cost that typically occurs is that your existing furniture and accessories are either too large, too small, or not appropriate for your new home. You may find that after you move, you will need to purchase many new items for the new location, for example, window coverings, rugs, lighting, and outdoor gear. Make sure you budget for these types of expenses and include them in the first year’s cost of living at your new location. Finally, although there is no dollar cost, is the stress of moving, which will increase if you have children or pets. Make sure you prepare in advance for what additional TLC those kids and pets will need to have a good move. ( 2024-04-24 salary.com )

Are there any tips that will help make the move to Newark, New Jersey easier for my child?

Adults find that moving can sometimes be an emotional and stressful experience. Children, who don’t have the maturity, independence, and understanding of a parent may be even more sensitive to a move. If they are old enough to understand, include the children in making plans for the move. When moving to a distant place, help your children learn about the new area. Check out the website for Newark, New Jersey to find opportunities and activities in the new location like parks, beaches, museums, or playgrounds that kids will enjoy and look forward to visiting. ( 2024-04-24 salary.com )

How do rental housing prices in Newark,New Jersey impact the overall cost of living?

I am single and live in Newark,NJ, I rent a small 1 bedroom and the monthly rent is $943 . Rent contributes to a large part of the overall cost of living in Newark,NJ, I try to economize by having a small apartment. ( 2024-04-24 salary.com )

Are there fun things to in Newark, New Jersey that are free or don’t cost a lot?

Looks for areas of Newark, New Jersey where there is a large student population. In those areas you will be sure to find lots of free or cheap events to go to and plenty of cheap places to eat. Familiarize yourself with the places where students hang out, and take advantage of discounted or bargain prices, you are sure to be able to keep your cost of living reasonable. Look at the website for Newark, NJ to find recommendations for activities that are available and unique to the area. ( 2024-04-24 salary.com )

I know there are many types of taxes that contribute to the cost of living in Newark, New Jersey, will the overall tax expense be high or low?

Good question. Based on Individual income taxes (which you will pay on earnings), Sales taxes (pay for your purchases), property taxes (on your home or indirectly on your rent), unemployment insurance taxes (from your income), and general business taxes (impacting employers ability to offer jobs and good pay), in Newark, the overall tax climate compared to the rest of the country is the highest. ( 2024-04-24 salary.com )

I need to use public transportation, what is it like in Newark, New Jersey?

You are in luck! Newark, New Jersey is ranked NO. 14 in the U.S. for public transportation quality. Having a good public transit system to use will reduce travel expenses and your overall cost of living. ( 2024-04-24 salary.com )

Is Newark, New Jersey very congested with traffic?

If you are planning to drive to work, you will be spending a lot of time and gas to get there. Newark, New Jersey is one of the Worst cities in the United States for driving. Newark, New Jersey is ranked number 93 out of 100 major cities. Plan on spending more on gas and auto expenses if you move to Newark, New Jersey, resulting in a higher cost of living. ( 2024-04-24 salary.com )

Can you save money using public transport?

You could save up to $1,000 per year, depending on your location, by using public transport instead of driving. This could translate into significant reduction in your cost of living. Not only will you reduce the stress of driving and finding a place to park once you reach your destination, your car and tires will last longer, and you will spend less on gas. A side benefit is that you may be able to relax, work, or read on the way to work, or get to know and chat with other commuters. Some employers offer employees reduced fee bus or transit passes, so check that out with your employer. ( 2024-04-24 salary.com )



Cost of Living Frequently Asked Questions

What is a Cost of Living index and how is it used?

In the simplest terms, a Cost of Living index is the estimated amount that represents the cost of the basic necessities required for an individual to live. A cost of living or COL estimate may typically include estimates for housing, food, energy, medical care, transportation, taxes, and other necessities. A COL index may be used to measure what the cost difference would be for a person living in a certain location compared to another location. This cost of living comparison helps individuals make decisions about where they would like to live and what they can afford based on the costs in that location. A cost of living comparison can provide guidance about how an increase or decrease in these basic living expenses impacts necessary spending for an individual or a family. ( 2024-04-24 salary.com )

What factors are included in estimating your cost of living?

The Salary.com cost of living calculator estimate is based on data related to five general categories: housing, food, healthcare, transportation, and energy. These are the universally recognized core components of any cost of living estimate and represent those expenses that apply to everyone. Obviously, there may be other factors that could contribute to your particular cost of living situation and not everyone has the same spending habits. For example, education and/or childcare costs might not apply to everyone, but for those who have those expenses, they could be significant and should be considered when you evaluate your cost of living comparison. ( 2024-04-24 salary.com )

The Salary.com cost of living calculator is unique in that it also incorporates current salary data for thousands of jobs specific to a chosen home or work location to provide a more refined estimate of the cost of living variations. You can see how your job and your salary will be impacted by a change of location. If you live in one location but work in another, the cost of living calculator will make those adjustments to provide an accurate estimate of the change in COL. The Salary.com cost of living calculator helps you to make cost of living comparisons cost comparisons easily and quickly. ( 2024-04-24 salary.com )


Last Update: 2024-04-24