Cost of Living in Newark, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
97.3
100 = national avg
-2.7 vs national average
Living Wage (1 Adult)
$42,804
per year
Living Wage (Family of 4)
$101,173
per year
Cost Index by Category
Housing106.1
Food94.4
Transportation88.8
Healthcare95.5
Utilities97.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,256
per month
2 Bedroom
$1,573
per month
The overall cost of living index in Newark is 97.3, which is 2.7% below the national average. Housing costs are above the national average at an index of 106.1. A single adult needs to earn approximately $42,804 per year to cover basic expenses.