Essex County · New Jersey
Newark cost of living (NJ)
Price levels published by the Bureau of Economic Analysis for New York-Newark-Jersey City, NY-NJ, with the national average set to 100 — so 108 means things cost 8% more here than the US average.
Quick answer
Newark costs 12.6% above the national average — all-items price level 112.6, rank 7 of 94 covered metros. A $100,000 national-average salary needs to be $112,563 here. Housing is the reason, at 148.6.
- All items
- 112.6US average = 100
- Housing
- 148.648.6% above the national average
- Goods
- 110.310.3% above the national average
- Other services
- 105.85.8% above the national average
Price level by component
Where the difference actually comes from.
| Component | Index | vs US | What it covers |
|---|---|---|---|
| Goods | 110.3 | +10.3% | Groceries, fuel, clothing, durable purchases. |
| Housing | 148.6 | +48.6% | Rents and imputed rents — the biggest single swing factor. |
| Utilities | 127.0 | +27.0% | Electricity, gas, water and other household energy. |
| Other services | 105.8 | +5.8% | Healthcare, dining, repairs, personal services. |
What your salary is worth in Newark, NJ
Enter a salary. We deflate it by the local price level (112.6 where 100 is the US average) and show what you would need to earn here to match the same pay somewhere average.
- Real value here
- $40,683
- Needed to match US average
- $51,547
- Monthly difference
- $479
What a local paycheck is really worth
Nominal pay is only half the story.
$45,794 median household income in Newark is worth $40,683 in national-average dollars. BEA calls that real income: income × 100 ÷ 112.6.
More Newark data
Other Newark datasets on this site.
- Newark population and income
- Newark sales tax rate
- Newark property tax
- Newark home values and rent
- Newark crime rates
- Newark public schools
- Newark weather normals
- Newark commute times
- Newark jobs and wages
Statewide: New Jersey cities · New Jersey ZIP codes · New Jersey sales tax · New Jersey counties
2024 BEA Regional Price Parities, published for New York-Newark-Jersey City, NY-NJ. Parities are metro-wide, so a single neighbourhood can sit well above or below these figures.