Cost of Living: Newark, NJ vs Toms River, 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 Toms River, NJ. In the model, rent is about 19.39% of gross in Newark, NJ versus 24.45% in Toms River, 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 Toms River, NJ.
At a glance
- Cheaper overall (lower cost-of-living index): Toms River, NJ
- Lower rent (median 1BR/2BR): Newark, NJ
- Lower home prices: Newark, NJ
- Higher median household income: Toms River, NJ
Cost of Living Index
Newark, NJ: 118.5 (U.S. = 100) · Toms River, NJ: 100 (U.S. = 100)
Toms River, NJ has a lower cost-of-living index than Newark, NJ, so a given salary generally stretches further there.
Median Rent
Newark, NJ: $1,264/mo (midpoint of 1BR/2BR) · Toms River, NJ: $1,594/mo
Median rent in Toms River, NJ is $330/mo higher than in Newark, NJ.
Median Home Price
Newark, NJ: $337,800 · Toms River, NJ: $377,800
Median home price in Toms River, NJ is $40,000 higher than in Newark, NJ.
Median Household Income
Newark, NJ: $48,416 · Toms River, NJ: $95,759
Toms River, NJ has a higher median household income than Newark, NJ by $47,343.
Newark, NJ overview · Toms River, NJ overview · Popular comparisons