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Garwood, TX vs Newark, TX

93
Garwood
Texas
VS
+17.5%
79
Newark
Texas

There is a significant gap in the cost of living between these two cities. Newark is 17.5% cheaper than Garwood. With a cost index of 79 vs 93, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Newark to Garwood should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Garwood are $243,300 compared to $105,900 in Newark, a 130% gap.

Median household income in Garwood is $46,875 compared to $57,000 in Newark (-17.8%). Newark offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power.

Climate-wise, Garwood is notably warmer with an average of 71.1°F compared to 66.9°F in Newark. Garwood receives more rainfall at 49.7" per year compared to 36.6" in Newark.

Income & Cost

Cost of Living Index
Garwood
93
Newark
79
15% cheaper
Median Household Income
Garwood
$46,875
Newark
$57,000
18% higher

Housing

Median Rent
Garwood
Newark
$1,144
Median Home Value
Garwood
$243,300
Newark
$105,900
56% cheaper
Population
Garwood
415
Newark
1,221

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Garwood
Newark $3.18
US $3.07
🥚
Eggs (grade A, large)
Garwood
Newark $2.59
US $2.50
🥛
Milk (whole)
Garwood
Newark $4.17
US $4.03
🍞
Bread (white)
Garwood
Newark $1.92
US $1.85
🍗
Chicken breast
Garwood
Newark $4.29
US $4.14
Electricity
Garwood
Newark $0.18
US $0.19

Climate

NOAA 30-year normals (1991-2020)

Avg Temp
Garwood 71.1°F
Newark 66.9°F
Summer High
Garwood 95°F
Newark 97°F
Winter Low
Garwood 45°F
Newark 36°F
Rainfall
Garwood 49.7"
Newark 36.6"
Rainy Days
Garwood 119d
Newark 77d