salaryNewark is the 3rd-largest city in Delaware that we track, with 30,330 residents. Rent is higher than in 55% of U.S. cities. A typical house costs about 4.6 years of household income. Commutes are short, about 19 minutes. It is a highly educated city: 58.2% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $70,440 a year. That is $34 an hour at a full-time job.
Is rent cheaper than other Delaware cities?
No. Rent here is more expensive than in most of Delaware. It is number 12 of 20 cities from cheapest to most expensive.
How much do households earn in Newark?
Share of households by yearly income. 31.6% of households earn $100,000 or more.
Rent by apartment size in Newark
| Size | Newark | U.S. average |
|---|---|---|
| Studio | $1,774 | $1,338 |
| 1 bedroom | $1,447 | $1,324 |
| 2 bedrooms | $1,585 | $1,509 |
| 3 bedrooms | $2,237 | $1,698 |
| 4 bedrooms | $2,560 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Newark overall?
Everyday prices in Delaware overall are same as the U.S. average (index 99.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Newark, so the Delaware 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 $893 a month less.
Owning assumes a typical $382,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $38,250 for the down payment.
Frequently asked questions
What is the average rent in Newark, DE?
Renting in Newark costs a median of about $1,761 a month in 2026, including utilities. The Delaware median is $1,693.
How much do I need to make to live in Newark?
To keep rent under 30% of income, you need about $70,440 a year, or $34 an hour at a full-time job.
Is Newark cheap or expensive?
Newark is rated OK: rent takes 25.5% of the typical household income of $82,950. It ranks 12th cheapest of 20 Delaware cities we track.
How much are property taxes in Newark?
The median homeowner in Newark pays $3,023 a year in property taxes, about 0.79% of the median home value.
Is Newark more expensive than the national average?
Overall prices in Delaware are same as 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 $382,500, about 4.6 times the typical yearly household income.
30,330 people live in Newark. Numbers are typical (middle) values.