Jersey City, NJ vs Newark, NJ
Cost of Living Comparison
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Equivalent Salary
$100,000 in Jersey City, NJ = $100,000 in Newark, NJ
Buying power is 0.0% lower in Newark, NJ
Median Rent
$1,902 vs $1,330
-30.1% lower in Newark, NJ
Median Income
$94,813 vs $48,416
-48.9% lower in Newark, NJ
Home Value
$534,500 vs $337,800
-36.8% lower in Newark, NJ
Price Level
108.9 vs 108.9
US avg = 100
Salary Needed for Median Rent
$76,100 vs $53,200
30% of gross income guideline
Rent as % of Income
24.1% vs 33.0%
Lower is more affordable