Cost of Living in Newark, DE
Population 30,309 · Delaware · Data vintage 2023
(100 = US avg)
Younger and more credentialed than the state overall — median age 22, 30% with a bachelor's — Newark has the labor and housing dynamics of a university town. Demand for rentals peaks sharply around fall enrollment. Around 27% of residents live below the federal poverty line, a rate that tends to correlate with the income and housing figures above.
Located 40 miles southwest of Philadelphia, Newark falls within that metro's commuting orbit. Median home values run roughly 54% higher than Philadelphia's $232,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Newark
The median home value in Newark is $357,600 — 17% above the national median of $305,000. Median rent runs $1,611/month, 23% higher than the national median of $1,314/month. The median household income of $71,373/year is 4% lower than the US median of $74,580. The local unemployment rate is 6.7%, above the national average of 4.8%. Delaware's top state income tax rate is 6.6% and the combined sales tax is 0.0%. Overall, Newark has a cost of living index of 119 versus the US average of 100, meaning it is 19% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Newark, DE?
Newark has a cost index of 119 (100 = national average). It is 19% above the national average.
What is average rent in Newark, DE?
The median gross rent in Newark is $1,611 per month based on 2023 Census data.
What is the average home price in Newark?
The median home value in Newark is $357,600 according to Zillow and Census data.
What is the median income in Newark?
The median household income in Newark is $71,373 per year (2023 ACS 5-year estimates).
What is the sales tax in Newark, DE?
The combined state and local sales tax rate in Newark is 0.0%. The Delaware state income tax top rate is 6.6%.
Is Newark, DE affordable?
Newark is above average in cost of living, with an index of 119 — about 19% higher than the national average.
Newark at a Glance
- Population
- 30,309
- Median Income
- $71,373
- Home Value
- $357,600
- Median Rent
- $1,611/mo
- Unemployment
- 6.7%
- Sales Tax
- 0.0%
Nearby Cities
Explore county-level cost of living data
Delaware Rankings
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