Cost of Living in East Newark, NJ

With a cost of living index of 114, East Newark, NJ is somewhat more expensive than average. Living here is 14% more expensive than the national average and 14% below the New Jersey state average of 128. East Newark is a small community of 2,529 residents.

Housing costs are the biggest factor in East Newark's cost of living. The median monthly rent is $1,696 (29% above the US median of $1,319), and the median home value sits at $277,700 (9% below the national median of $304,900). At current prices, the median home costs roughly 4.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in East Newark is $65,272, which is 13% lower than the national median of $75,149. Residents spend roughly 31% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened.

Everyday prices in the New York-Newark-Jersey City, NY-NJ (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 6 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.