salaryAnchorage is 7% cheaperBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Newark to live the same way.
🏠 Rent per month
$1,651
$1,867
🛏️ 2-bedroom rent
$1,565
$1,573
💵 Families earn per year
$111,392
$56,147
🔑 Buying a house
$395,900
$373,700
📊 Overall prices (U.S. = 100)
105.4
112.6
🏛️ Property tax per year
$4,982
$7,262
⚡ Electric bill per month
$136
$143
👥 People living there
288,976
310,178
Commute to work
18.8 min
32.6 min
College degree
38.7%
19.7%
Own their home
63.9%
24.4%
Below poverty line
8.9%
23.4%
Unemployment
4.6%
11.6%
Bottom line
- Pick Anchorage for lower rent, cheaper 2-bedroom apartments, higher incomes and 4 more.
- Pick Newark for cheaper homes.
Pay for the same job
| Job | Anchorage | Newark | Difference |
|---|---|---|---|
| Server (Waiter/Waitress) | $26,080 | $47,610 | +83% in Newark |
| Firefighter | $64,810 | $106,420 | +64% in Newark |
| Software Developer | $104,030 | $166,830 | +60% in Newark |
| Market Research Analyst | $68,720 | $100,520 | +46% in Newark |
| Lawyer | $153,590 | $208,880 | +36% in Newark |
| Operations Manager | $120,030 | $157,000 | +31% in Newark |
| Accountant | $82,150 | $105,650 | +29% in Newark |
| Computer Systems Analyst | $101,260 | $128,340 | +27% in Newark |
Frequently asked questions
Is Anchorage or Newark cheaper to live in?
Anchorage is about 7% cheaper overall. Rent is $1,651 a month there versus $1,867 in Newark.
What salary do I need in Newark to match $60,000 in Anchorage?
About $64,065 a year gives the same standard of living in Newark.
Where do people earn more, Anchorage or Newark?
The typical household earns $111,392 in Anchorage and $56,147 in Newark, 98% more in Anchorage.