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New York-Newark-Jersey City, NY-NJ

Cost of living in Newark, New Jersey

Essex County, NJ

Part of the New York Metro Area

Estimated monthly cost
$3,820/mo
for a single person, all categories combined

Population 854,130 · Last updated May 21, 2026

Cost breakdown

Single person, by category, per month.

Rent $1,768 46%
Federal tax $592 15%
Healthcare $480 13%
Groceries $392 10%
Transport $250 7%
Energy $194 5%
State tax $89 2%
Water $55 1%

Rent in Newark

Fair Market Rents by bedroom count.

Studio
$1,551
per month
1 bedroom
$1,768
per month
2 bedroom
$2,140
per month
3 bedroom
$2,695
per month
4 bedroom
$3,065
per month

Source: HUD FMR FY2025

Income and earnings in Newark

Annual earnings figures from the Census ACS.

Household income
$76,712
per year
Individual earnings
$46,237
per year
Per capita
$48,021
per year

Source: ACS 2019-2023 5-Year.

Home values in Newark

Average values reported by homeowners.

Average home value
$494,400
Annual property tax
$10,001

Source: ACS 2019-2023 5-Year

Energy costs in Newark

Estimated monthly electricity and gas costs.

Electricity
$132
per month · 19.4¢/kWh
Natural gas
$62
per month
Annual total
$2,328
per year

Source: EIA

Healthcare in Newark

Insurance premiums and coverage rates.

Individual premium
$480
per month
Family premium
$1,350
per month
Uninsured rate
11.6%

Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.

Taxes in Newark

State and local tax rates for New Jersey.

State income tax
10.8%
Top marginal rate
State sales tax
6.6%
Combined sales tax
6.6%
incl. average local

Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.

Transportation in Newark

Commute patterns and estimated costs.

Average commute
34.0 min
Drive alone
53.9%
Public transit
16.2%
Work from home
14.2%

Source: ACS

Monthly cost estimates for Newark

What it costs to live in Newark each month.

Single person
$3,820
per month
  • Rent $1,768
  • Energy $194
  • Water $55
  • Groceries $392
  • Transport $250
  • Healthcare $480
  • Federal tax $592
  • State tax $89
Couple
$5,457
per month
  • Rent $2,140
  • Energy $233
  • Water $65
  • Groceries $650
  • Transport $350
  • Healthcare $864
  • Federal tax $925
  • State tax $230
Family
$8,202
per month
  • Rent $2,695
  • Energy $291
  • Water $75
  • Groceries $986
  • Transport $450
  • Healthcare $1,350
  • Childcare $1,200
  • Federal tax $925
  • State tax $230

Frequently asked questions about Newark

Common questions about cost of living, rent and salary.

What is the average rent in Newark?

In Newark, New Jersey, a one-bedroom apartment averages $1,768 per month, a two-bedroom averages $2,140 per month, a three-bedroom averages $2,695 per month, according to HUD Fair Market Rent data.

What is the average salary in Newark?

In Newark, New Jersey, the average household income is $76,712 per year and individual earnings for full-time workers average $46,237 per year, according to U.S. Census Bureau data.

What is the cost of living in Newark?

The estimated cost of living in Newark, New Jersey is approximately $3,820 per month for a single person, $5,457 for a couple, $8,202 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.

What is the sales tax rate in Newark?

The combined sales tax rate in Newark, New Jersey is 6.63%, which includes the New Jersey state rate of 6.63% plus an average local rate of 0.00%.

Is Newark an affordable place to live?

Based on the data, a single person in Newark, New Jersey would need approximately $3,820 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $76,712 per year ($6,393 per month). Newark has a moderate cost of living relative to local earnings.

How much does healthcare cost in Newark?

The ACA marketplace benchmark premium in Newark, New Jersey is approximately $480 per month for an individual. Approximately 11.6% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.

What are house prices in Newark?

The average home value in Newark, New Jersey is $494,400, with average annual property taxes of $10,001, according to U.S. Census Bureau data.

How does Newark compare to other areas?

You can compare Newark, New Jersey with any other US county using our comparison tool at /compare. Newark is in the New York-Newark-Jersey City, NY-NJ metro area.

Other counties in New Jersey

Browse the full list of counties in New Jersey, ranked by cost of living.

See all counties in New Jersey

Compare Newark with another area

Put two counties side by side to see how rent, taxes and everyday costs stack up.

About this data

All figures on this page come from official U.S. government sources, listed below.

  • HUD FMR FY2025
  • ACS 2019-2023 5-Year
  • EIA
  • ACS + national avg
  • ACS
  • USDA + BEA RPP
Methodology All data sources