salaryRent is lower than in 70% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.
How much money do I need?
To rent here comfortably, you should earn about $51,560 a year. That is $25 an hour at a full-time job.
Is rent cheaper than other Ohio cities?
No. Rent here is more expensive than in most of Ohio. It is number 155 of 288 cities from cheapest to most expensive.
How much do households earn in Newark?
Share of households by yearly income. 18.8% of households earn $100,000 or more.
Rent by apartment size in Newark
| Size | Newark | U.S. average |
|---|---|---|
| Studio | $714 | $1,338 |
| 1 bedroom | $808 | $1,324 |
| 2 bedrooms | $1,087 | $1,509 |
| 3 bedrooms | $1,347 | $1,698 |
| 4 bedrooms | $1,586 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Newark overall?
Everyday prices in Ohio overall are 7% below the U.S. average (index 92.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Newark, so the Ohio figure is shown.
Taxes and bills in Newark
Life in Newark
Is it cheaper to rent or buy in Newark?
About the same. Renting and owning cost within $45 of each other each month.
Owning assumes a typical $192,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $19,230 for the down payment.
Frequently asked questions
What is the average rent in Newark, OH?
Renting in Newark costs a median of about $1,289 a month in 2026, including utilities. The Ohio median is $1,261.
How much do I need to make to live in Newark?
To keep rent under 30% of income, you need about $51,560 a year, or $25 an hour at a full-time job.
Is Newark cheap or expensive?
Newark is rated OK: rent takes 23.3% of the typical household income of $66,511. It ranks 155th cheapest of 288 Ohio cities we track.
How much are property taxes in Newark?
The median homeowner in Newark pays $2,003 a year in property taxes, about 1.04% of the median home value.
Is Newark more expensive than the national average?
Overall prices in Ohio are 7% below 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 $192,300, about 2.9 times the typical yearly household income.
50,783 people live in Newark. Numbers are typical (middle) values.