Newark, OH vs Niles, OH

There is a significant gap in the cost of living between these two cities. Niles is 20.2% cheaper than Newark. With a cost index of 63 vs 75, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Niles to Newark should plan for substantially higher expenses across most categories.

On the housing front, median rent in Newark is $926/month compared to $787/month in Niles — a 18% difference. Home values follow the same pattern: Niles is more affordable at $108,400 median vs $174,100.

Median household income in Newark is $58,920 compared to $49,987 in Niles (+17.9%). The higher salaries in Newark partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Newark spend roughly 18.9% of their income on rent, less than the 18.9% in Niles.