New York, NY vs Newark, NJ
Cost of Living Comparison
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Equivalent Salary
$100,000 in New York, NY = $96,808 in Newark, NJ
Buying power is -3.2% lower in Newark, NJ
Median Rent
$1,779 vs $1,330
-25.2% lower in Newark, NJ
Median Income
$79,713 vs $48,416
-39.3% lower in Newark, NJ
Home Value
$751,700 vs $337,800
-55.1% lower in Newark, NJ
Price Level
112.5 vs 108.9
US avg = 100
Salary Needed for Median Rent
$71,200 vs $53,200
30% of gross income guideline
Rent as % of Income
26.8% vs 33.0%
Lower is more affordable