Cost of Living: Toms River, 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 Toms River, NJ versus $4,144/mo in Newark, NJ. In the model, rent is about 24.45% of gross in Toms River, 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 Toms River, NJ and Newark, 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
Toms River, NJ: 100 (U.S. = 100) · Newark, NJ: 118.5 (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
Toms River, NJ: $1,594/mo (midpoint of 1BR/2BR) · Newark, NJ: $1,264/mo
Median rent in Toms River, NJ is $330/mo higher than in Newark, NJ.
Median Home Price
Toms River, NJ: $377,800 · Newark, NJ: $337,800
Median home price in Toms River, NJ is $40,000 higher than in Newark, NJ.
Median Household Income
Toms River, NJ: $95,759 · Newark, NJ: $48,416
Toms River, NJ has a higher median household income than Newark, NJ by $47,343.
Toms River, NJ overview · Newark, NJ overview · Popular comparisons