salarySpring Valley is 11% cheaperBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Spring Valley to live the same way.
🏠 Rent per month
$1,867
$1,889
🛏️ 2-bedroom rent
$1,573
$1,783
💵 Families earn per year
$56,147
$80,360
🔑 Buying a house
$373,700
$433,800
📊 Overall prices (U.S. = 100)
112.6
100.0
🏛️ Property tax per year
$7,262
$2,149
⚡ Electric bill per month
$143
$139
👥 People living there
310,178
219,187
Commute to work
32.6 min
22.5 min
College degree
19.7%
31.4%
Own their home
24.4%
50.5%
Below poverty line
23.4%
12.2%
Unemployment
11.6%
7.6%
Bottom line
- Pick Newark for lower rent, cheaper 2-bedroom apartments, cheaper homes.
- Pick Spring Valley for higher incomes, shorter commutes, a more educated workforce and 2 more.
Frequently asked questions
Is Newark or Spring Valley cheaper to live in?
Spring Valley is about 11% cheaper overall. Rent is $1,889 a month there versus $1,867 in Newark.
What salary do I need in Spring Valley to match $60,000 in Newark?
About $53,292 a year gives the same standard of living in Spring Valley.
Where do people earn more, Newark or Spring Valley?
The typical household earns $56,147 in Newark and $80,360 in Spring Valley, 30% more in Spring Valley.