Cost of Living in Newark, MD
Population: 347 | Maryland
Newark is 4% more expensive than the national average.
Cost of Living in Newark, MD: What You Need to Know
With a cost of living index of 104, Newark, MD is somewhat more expensive than average. Living here is 4% more expensive than the national average and 15% below the Maryland state average of 119. Newark is a small community of 347 residents.
The median household income in Newark is $105,093, which is 40% higher than the national median of $75,149.
Climate is another factor for anyone considering a move to Newark. The area sees an average annual temperature of 56°F, with summers averaging 74°F and winters around 38°F. Annual rainfall totals 42.6 inches spread over roughly 130 days.
Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.
Income
- Median Household Income
- $105,093
- vs US Median ($75,149)
- +40%
Housing
- Median Home Value
- $337,000
- Median Monthly Housing Cost
- $1,778/mo
Climate in Newark
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 45 | 47 | 52 | 62 | 70 | 79 | 84 | 83 | 77 | 68 | 58 | 50 |
| Avg °F | 36 | 38 | 44 | 53 | 62 | 71 | 76 | 75 | 69 | 58 | 48 | 41 |
| Low °F | 28 | 29 | 35 | 44 | 53 | 63 | 68 | 67 | 61 | 49 | 39 | 32 |
| Rain" | 3.4 | 3.0 | 3.9 | 3.0 | 3.8 | 3.3 | 3.8 | 3.8 | 3.9 | 4.0 | 3.2 | 3.6 |