Newark, DE Cost Of Living
Cost Of Living In Newark, DE Summary
Cost of living in Newark research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Newark is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Delaware, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Newark is 117, with 100 being the average.
The cost of living index in Newark is 1.2x higher than the national average.
Newark ranks as the #14 cheapest in Delaware out of 18.
Newark ranks as the #4,628 cheapest out of 6,412 in the US.
The median home value in Newark is $283,900.
The median income in Newark is $61,646.
Table Of Contents
Newark's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Newark, DE?
According to the most recent data on the cost of living, Newark has an overall cost of living index of 117, which is 1.2x higher than the national index of 100.
Compared to Delaware, Newark has a cost of living index that's 1.1x higher than Delaware's index of 103.
The standard of living in Newark ranks as #14 most affordable out of the 18 places we measured in Delaware. By definition, that implies Newark ranks as the #4 most expensive place in the First State.
For more reading on life in Newark, check out:
- Living In Newark
- Newark Crime Report
- Search Homes For Sale In Newark, DE
In Delaware
In America
Newark Cost Of Living Vs. Delaware
Six factors go into calculating the cost of living index in Newark. Here is how it fairs on each of the criteria:
The Services index in Newark is 111.
The Groceries index in Newark is 125.
The Health index in Newark is 115.
The Housing index in Newark is 138.
The Transportation index in Newark is 113.
The Utilities index in Newark is 84.
| Living Expense | Newark | Delaware | National Average | |
|---|---|---|---|---|
| Overall | 117 | 103 | 100 | |
| Services | 111 | 105 | 100 | |
| Groceries | 125 | 103 | 100 | |
| Health | 115 | 104 | 100 | |
| Housing | 138 | 101 | 100 | |
| Transportation | 113 | 109 | 100 | |
| Utilities | 84 | 95 | 100 | |
Newark, DE Housing Cost Breakdown
Housing swings affordability the most between places in Delaware, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Newark is $283,900.
The Median Rent in Newark is $1,330.
The Median Income in Newark is $61,646.
The Home Value To Income in Newark is 4.6x.
The Rent To Monthly Income in Newark is 0.26x.
| Statistic | Newark | Delaware | United States |
|---|---|---|---|
| Median Home Value | $283,900 | $269,700 | $244,900 |
| Median Rent | $1,330 | $1,199 | $1,163 |
| Median Income | $61,646 | $72,724 | $69,021 |
| Home Value To Income | 4.6x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.26x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Newark, DE Costs By Category
Detailed Newark Services Costs Vs. Delaware
Detailed Newark Groceries Costs Vs. Delaware
Detailed Newark Health Costs Vs. Delaware
Detailed Newark Transportation Costs Vs. Delaware
Detailed Newark Utilities Costs Vs. Delaware
Newark SnackAbility
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Cost Of Living In Cities Around Newark
The cost of living varies in the cities and towns around Newark. Here's a quick look at the cost of living in the most populous nearby places:
Bear, DE has a cost of living index of 109, 0.9x Newark.
Elkton, MD has a cost of living index of 110, 0.9x Newark.
Glasgow, DE has a cost of living index of 120, 1.0x Newark.
| City | Population | Cost Of Living | Vs. Newark |
|---|---|---|---|
| Bear, DE | 21,625 | 109 | 0.9x |
| Elkton, MD | 15,724 | 110 | 0.9x |
| Glasgow, DE | 15,342 | 120 | 1.0x |
| Brookside, DE | 14,202 | 109 | 0.9x |
| Hockessin, DE | 13,464 | 141 | 1.2x |
| Pennsville, NJ | 12,093 | 103 | 0.9x |
| Pike Creek Valley, DE | 11,718 | 116 | 1.0x |
| Wilmington Manor, DE | 8,212 | 106 | 0.9x |
| Carneys Point, NJ | 8,091 | 106 | 0.9x |
| North Star, DE | 8,009 | 143 | 1.2x |
