salaryRent here is among the highest 10% in the country. Household incomes are higher than in 95% of U.S. cities. A typical house costs about 6.3 years of household income, so buying is hard for most locals. Commutes are long, about 30.6 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $140,040 a year. That is $67 an hour at a full-time job.
Is rent cheaper than other California cities?
No. Rent here is more expensive than in most of California. It is number 588 of 653 cities from cheapest to most expensive.
How much do households earn in Newark?
Share of households by yearly income. 63.9% of households earn $100,000 or more.
Rent by apartment size in Newark
| Size | Newark | U.S. average |
|---|---|---|
| Studio | $2,175 | $1,338 |
| 1 bedroom | $1,986 | $1,324 |
| 2 bedrooms | $2,770 | $1,509 |
| 3 bedrooms | $3,396 | $1,698 |
| 4 bedrooms | $3,500+ | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Newark overall?
Everyday prices in California overall are 11% above the U.S. average (index 110.7, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Newark, so the California figure is shown.
Taxes and bills in Newark
Life in Newark
Is it cheaper to rent or buy in Newark?
Renting is cheaper right now: about $4,428 a month less.
Owning assumes a typical $1,142,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $114,280 for the down payment.
Frequently asked questions
What is the average rent in Newark, CA?
Renting in Newark costs a median of about $3,500+ a month in 2026, including utilities. The California median is $2,357.
How much do I need to make to live in Newark?
To keep rent under 30% of income, you need about $140,040 a year, or $67 an hour at a full-time job.
Is Newark cheap or expensive?
Newark is rated OK: rent takes 23.0% of the typical household income of $182,336. It ranks 588th cheapest of 653 California cities we track.
How much are property taxes in Newark?
The median homeowner in Newark pays $8,140 a year in property taxes, about 0.71% of the median home value.
Is Newark more expensive than the national average?
Overall prices in California are 11% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Newark?
The median home value in Newark is $1,142,800, about 6.3 times the typical yearly household income.
46,903 people live in Newark. Numbers are typical (middle) values.