Skip to content

City guide · New Jersey

Moving to Newark, NJ

NYC's gritty neighbor, Port Newark, transit hub.

Pop. 312kCost index 112.6 · 100 = US avgMedian rent $1,700/moMedian home $360kWalk score 79

Newark (metro area) has an overall price level 112.6 (US avg = 100). Housing dominates the difference.

Overall price index
112.6
Housing index
134.3
Groceries index (modeled)
103.2
Utilities index (modeled)
101.9
Electricity rate
23.5 ¢/kWh
Transportation index (modeled)
102.5
Median home value (est.)
$360,000
Median monthly rent (est.)
$1,700/mo

Sources: BLS LAUS 2026-04 · Census ACS 2024 (live) state-level

New Jersey unemployment is 4.8% with median household income $104k.

Unemployment rate
4.8%
Median household income
$104,294
Per-capita income
$53,818
Labor-force participation
66.9%
Right-to-work state
No
Nurse Licensure Compact
Member

Sources: FEMA NRI 2025 · Census ACS 2024 (live) city-level

Newark: median home value $360,000.

Home value
$360,000
Rent
$1,700/mo
Homeownership rate
64.0%
Natural-hazard risk (FEMA county avg)
91/100
Hurricane exposure
Low
Wildfire exposure
Low
Tornado risk
Low
Earthquake risk
Low

New Jersey 4th-grade math proficiency: 43.9% at/above NAEP proficient.

4th-grade math proficiency
43.9%
Per-pupil spending
$21,949
Student–teacher ratio (est.)
17
Public 4-yr grad rate
62.0%
Notable universities
Princeton, Rutgers

Compare Newark to where you live now

Salary you'd need, tax delta, rent reality-check, and a 90-day move timeline — one clear verdict.

Start free comparison

More New Jersey city guides