Cost of Living in Newark, DE
Population 30,330 · Census ACS 2020–2024 5-year estimates
The median rent in Newark, DE is $1,654/month, 18% higher than the Delaware median and 17% higher than the U.S. median. The median home value is $382,500, 15% higher than the national median. Households earn a median of $76,912 a year, 9% lower than the state median.
Affordability
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Newark vs. Delaware vs. U.S.
| Newark | Delaware | U.S. | |
|---|---|---|---|
| Median rent | $1,654 | $1,401 | $1,413 |
| Median home value | $382,500 | $352,000 | $332,700 |
| Median household income | $76,912 | $84,954 | $80,734 |
| Homeownership rate | 50.7% | 73.0% | 65.2% |
| Bachelor's degree or higher | 58.2% | 35.8% | 35.7% |
| Poverty rate | 27.7% | 10.4% | 12.5% |
| Unemployment rate | 6.7% | 5.1% | 5.2% |
| Work from home | 18.8% | 15.0% | 15.1% |
| Median age | 22.1 | 41.6 | 38.9 |
FAQ
What is the average rent in Newark, DE?
The median gross rent in Newark, DE is $1,654 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Newark, DE?
Using the common 30% rule, renting a median-priced home takes about $66,160 a year in gross income.
Is Newark, DE expensive to live in?
Rent there is 17% higher than the U.S. median, and the median home costs about 5.0 times the median household income.
Other cities in Delaware
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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