salaryMadison is 16% 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
$1,723
$1,867
🛏️ 2-bedroom rent
$1,628
$1,573
💵 Families earn per year
$84,177
$56,147
🔑 Buying a house
$372,900
$373,700
📊 Overall prices (U.S. = 100)
97.3
112.6
🏛️ Property tax per year
$6,541
$7,262
⚡ Electric bill per month
$120
$143
👥 People living there
278,001
310,178
Commute to work
19.4 min
32.6 min
College degree
59.9%
19.7%
Own their home
46%
24.4%
Below poverty line
16.4%
23.4%
Unemployment
2.7%
11.6%
Bottom line
- Pick Madison for lower rent, higher incomes, cheaper homes and 4 more.
- Pick Newark for cheaper 2-bedroom apartments.
Pay for the same job
| Job | Madison | Newark | Difference |
|---|---|---|---|
| Firefighter | $56,430 | $106,420 | +89% in Newark |
| Lawyer | $124,130 | $208,880 | +68% in Newark |
| Server (Waiter/Waitress) | $30,910 | $47,610 | +54% in Newark |
| Elementary School Teacher | $63,690 | $96,900 | +52% in Newark |
| Market Research Analyst | $67,990 | $100,520 | +48% in Newark |
| Police Officer | $80,580 | $105,540 | +31% in Newark |
| Accountant | $81,130 | $105,650 | +30% in Newark |
| Software Developer | $130,630 | $166,830 | +28% in Newark |
Frequently asked questions
Is Madison or Newark cheaper to live in?
Madison is about 16% cheaper overall. Rent is $1,723 a month there versus $1,867 in Newark.
What salary do I need in Newark to match $60,000 in Madison?
About $69,421 a year gives the same standard of living in Newark.
Where do people earn more, Madison or Newark?
The typical household earns $84,177 in Madison and $56,147 in Newark, 50% more in Madison.