Cost of Living in Newark, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
152.6
100 = national avg
+52.6 vs national average
Living Wage (1 Adult)
$67,154
per year
Living Wage (Family of 4)
$158,728
per year
Cost Index by Category
Housing169.3
Food130.3
Transportation160.7
Healthcare124.3
Utilities132.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,035
per month
2 Bedroom
$1,194
per month
The overall cost of living index in Newark is 152.6, which is 52.6% above the national average. Housing costs are above the national average at an index of 169.3. A single adult needs to earn approximately $67,154 per year to cover basic expenses.