What Are the Everyday Living Costs in Newark, NJ in 2024?
The average monthly cost of living in Newark, NJ is $4,664, which is 3% higher than the U.S. average ($4,521). The average monthly cost of rent is $1,996, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $2,668 per month.
Newark, NJ is ranked 280th out of the 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered as one of the expensive cities in which to live in the U.S.
Cost of Living (for Renters / Monthly)
Rent
$1,996
Utilities
$473
Transportation
$403
Groceries
$715
Other
$1,077
Total
$4,664
What Are the Everyday Living Costs in Newark, NJ in 2024?
The average monthly cost of living in Newark, NJ for singles is $3,067, which is 4% higher than the U.S. average ($2,956). The average monthly cost of rent for singles is $1,286, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $1,781 per month.
Newark, NJ is ranked 279th out of the 333 most populated cities in the U.S. for having the lowest cost of living for singles. Therefore, it is considered as one of the expensive cities for singles in which to live in the U.S.
Cost of Living (for Single Renters / Monthly)
Rent
$1,286
Utilities
$277
Transportation
$230
Groceries
$334
Other
$940
Total
$3,067
What Are the Everyday Living Costs in Newark, NJ in 2024?
The average monthly cost of living in Newark, NJ for couples is $4,646, which is 3% higher than the U.S. average ($4,519). The average monthly cost of rent for couples is $1,967, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $2,679 per month.
Newark, NJ is ranked 280th out of the 333 most populated cities in the U.S. for having the lowest cost of living for couples. Therefore, it is considered as one of the expensive cities for couples in which to live in the U.S.
Cost of Living (for Couple Renters / Monthly)
Rent
$1,967
Utilities
$464
Transportation
$460
Groceries
$669
Other
$1,087
Total
$4,647
What Are the Everyday Living Costs in Newark, NJ in 2024?
The average monthly cost of living in Newark, NJ for single parents is $4,475, which is 7% higher than the U.S. average ($4,172). The average monthly cost of rent for single parents is $1,967, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $2,508 per month.
Newark, NJ is ranked 275th out of the 333 most populated cities in the U.S. for having the lowest cost of living for single parents. Therefore, it is considered as one of the expensive cities for single parents in which to live in the U.S.
Cost of Living (for Single Parent Renters / Monthly)
Rent
$1,967
Utilities
$454
Transportation
$319
Groceries
$662
Other
$1,072
Total
$4,474
What Are the Everyday Living Costs in Newark, NJ in 2024?
The average monthly cost of living in Newark, NJ for families is $6,469, which is 1% higher than the U.S. average ($6,392). The average monthly cost of rent for families is $2,766, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $3,702 per month.
Newark, NJ is ranked 283rd out of the 333 most populated cities in the U.S. for having the lowest cost of living for families. Therefore, it is considered as one of the expensive cities for families in which to live in the U.S.
Cost of Living (for Family Renters / Monthly)
Rent
$2,766
Utilities
$696
Transportation
$603
Groceries
$1,193
Other
$1,211
Total
$6,469
What Salary Do You Need to Live Comfortably in Newark, NJ in 2024?
Overall, on average, a gross annual salary of $75,973 is required for an average quality of life in Newark, NJ.
Is the Cost of Living High in Newark, NJ?
Newark, NJ is ranked 280th out of the 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered one of the expensive cities in which to live in the U.S. Newark, NJ's average monthly rent is 5% lower than the U.S. average cost of rent.
Is $50,000 a Good Salary in Newark, NJ in 2024?
A gross annual salary of $50,000 in Newark, NJ will yield an average annual net salary of $44,582. Considering that the total average annual cost of living in Newark, NJ is $55,968, a gross annual salary of $50,000 will be insufficient to cover average living costs.
How Much Should You Pay for Rent in Newark, NJ?
The average monthly rent in Newark, NJ in the city center is $2,008 for a 1 bedroom apartment, $2,509 for a 2 bedroom apartment and $3,502 for a 3 bedroom apartment. Outside the city center, the average monthly rent in is $1,308 for a 1 bedroom apartment, $1,605 for a 2 bedroom apartment and $1,909 for a 3 bedroom apartment.