Cost of Living: Newark, NJ vs Jersey City, NJ
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,144/mo in Newark, NJ versus $4,144/mo in Jersey City, NJ. In the model, rent is about 19.39% of gross in Newark, NJ versus 27.72% in Jersey City, NJ, so Newark, NJ tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Newark, NJ and Jersey City, NJ.
At a glance
- Cheaper overall (lower cost-of-living index): Newark, NJ
- Lower rent (median 1BR/2BR): Newark, NJ
- Lower home prices: Newark, NJ
- Higher median household income: Jersey City, NJ
Cost of Living Index
Newark, NJ: 118.5 (U.S. = 100) · Jersey City, NJ: 155.6 (U.S. = 100)
Newark, NJ has a lower cost-of-living index than Jersey City, NJ, so a given salary generally stretches further there.
Median Rent
Newark, NJ: $1,264/mo (midpoint of 1BR/2BR) · Jersey City, NJ: $1,807/mo
Median rent in Jersey City, NJ is $543/mo higher than in Newark, NJ.
Median Home Price
Newark, NJ: $337,800 · Jersey City, NJ: $534,500
Median home price in Jersey City, NJ is $196,700 higher than in Newark, NJ.
Median Household Income
Newark, NJ: $48,416 · Jersey City, NJ: $94,813
Jersey City, NJ has a higher median household income than Newark, NJ by $46,397.
Newark, NJ overview · Jersey City, NJ overview · Popular comparisons