Cost of Living: Lodi borough, NJ vs Newark, NJ
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,144/mo in Lodi borough, NJ versus $4,144/mo in Newark, NJ. In the model, rent is about 24.41% of gross in Lodi borough, NJ versus 19.39% in Newark, NJ, so Newark, NJ tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Lodi borough, NJ and Newark, NJ.
At a glance
- Cheaper overall (lower cost-of-living index): Lodi borough, NJ
- Lower rent (median 1BR/2BR): Newark, NJ
- Lower home prices: Newark, NJ
- Higher median household income: Lodi borough, NJ
Cost of Living Index
Lodi borough, NJ: 100 (U.S. = 100) · Newark, NJ: 118.5 (U.S. = 100)
Lodi borough, NJ has a lower cost-of-living index than Newark, NJ, so a given salary generally stretches further there.
Median Rent
Lodi borough, NJ: $1,592/mo (midpoint of 1BR/2BR) · Newark, NJ: $1,264/mo
Median rent in Lodi borough, NJ is $328/mo higher than in Newark, NJ.
Median Home Price
Lodi borough, NJ: $449,200 · Newark, NJ: $337,800
Median home price in Lodi borough, NJ is $111,400 higher than in Newark, NJ.
Median Household Income
Lodi borough, NJ: $84,570 · Newark, NJ: $48,416
Lodi borough, NJ has a higher median household income than Newark, NJ by $36,154.
Lodi borough, NJ overview · Newark, NJ overview · Popular comparisons