Cost of Living in Newark, OH
Population 50,783 · Census ACS 2020–2024 5-year estimates
The median rent in Newark, OH is $973/month, 6% lower than the Ohio median and 31% lower than the U.S. median. The median home value is $192,300, 42% lower than the national median. Households earn a median of $61,670 a year, 14% lower than the state median.
Affordability
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Newark vs. Ohio vs. U.S.
| Newark | Ohio | U.S. | |
|---|---|---|---|
| Median rent | $973 | $1,034 | $1,413 |
| Median home value | $192,300 | $214,800 | $332,700 |
| Median household income | $61,670 | $71,389 | $80,734 |
| Homeownership rate | 55.8% | 67.2% | 65.2% |
| Bachelor's degree or higher | 23.0% | 31.5% | 35.7% |
| Poverty rate | 17.1% | 13.3% | 12.5% |
| Unemployment rate | 3.8% | 4.8% | 5.2% |
| Work from home | 11.3% | 13.0% | 15.1% |
| Median age | 38.8 | 39.7 | 38.9 |
FAQ
What is the average rent in Newark, OH?
The median gross rent in Newark, OH is $973 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Newark, OH?
Using the common 30% rule, renting a median-priced home takes about $38,920 a year in gross income.
Is Newark, OH expensive to live in?
Rent there is 31% lower than the U.S. median, and the median home costs about 3.1 times the median household income.
Other cities in Ohio
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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