Newark, DE vs Wilmington, DE

There is a significant gap in the cost of living between these two cities. Wilmington is 26.3% cheaper than Newark. With a cost index of 90 vs 114, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Wilmington to Newark should plan for substantially higher expenses across most categories.

On the housing front, median rent in Newark is $1,611/month compared to $1,187/month in Wilmington — a 36% difference. Home values follow the same pattern: Wilmington is more affordable at $224,500 median vs $357,600.

Median household income in Newark is $71,373 compared to $55,269 in Wilmington (+29.1%). While Newark is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Newark spend roughly 27.1% of their income on rent, more than the 25.8% in Wilmington.