salaryChicago is 9% 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
$1,983
$1,867
🛏️ 2-bedroom rent
$1,622
$1,573
💵 Families earn per year
$84,017
$56,147
🔑 Buying a house
$334,100
$373,700
📊 Overall prices (U.S. = 100)
103.6
112.6
🏛️ Property tax per year
$4,943
$7,262
⚡ Electric bill per month
$90
$143
👥 People living there
2,711,226
310,178
Commute to work
33.1 min
32.6 min
College degree
44.3%
19.7%
Own their home
46%
24.4%
Below poverty line
16.8%
23.4%
Unemployment
8%
11.6%
Bottom line
- Pick Chicago for higher incomes, cheaper homes, a more educated workforce and 2 more.
- Pick Newark for lower rent, cheaper 2-bedroom apartments, shorter commutes.
Pay for the same job
| Job | Chicago | Newark | Difference |
|---|---|---|---|
| Server (Waiter/Waitress) | $31,200 | $47,610 | +53% in Newark |
| Operations Manager | $109,390 | $157,000 | +44% in Newark |
| Physician Assistant | $127,940 | $167,650 | +31% in Newark |
| Firefighter | $82,820 | $106,420 | +28% in Newark |
| Accountant | $82,360 | $105,650 | +28% in Newark |
| Lawyer | $165,660 | $208,880 | +26% in Newark |
| Market Research Analyst | $80,400 | $100,520 | +25% in Newark |
| Software Developer | $134,380 | $166,830 | +24% in Newark |
Frequently asked questions
Is Chicago or Newark cheaper to live in?
Chicago is about 9% cheaper overall. Rent is $1,983 a month there versus $1,867 in Newark.
What salary do I need in Newark to match $60,000 in Chicago?
About $65,194 a year gives the same standard of living in Newark.
Where do people earn more, Chicago or Newark?
The typical household earns $84,017 in Chicago and $56,147 in Newark, 50% more in Chicago.