Housing costs in Newark?
A typical home costs
$300,800, which is 11.0% less expensive than the national average of
$338,100 and 10.5% less expensive than the average Delaware home, at
$336,200. Renting a two-bedroom unit in Newark costs
$1,680 per month, which is 26.3% more than the national average of
$1,330 and 12.5% more than the state average of
$1,470.
Can I afford Newark?
To live comfortably in Newark (zip 19702), Delaware, a minimum annual income of
$57,600 for a family, and
$55,600 for a single person is recommended.
What does A.I. say about Newark?
In 19702 Newark, DE, the cost of living was fairly low. The average cost of housing was just under $7000 and the median household income was just over $10,000. Utilities were relatively inexpensive as well; the average monthly utility bill for a single family home in 19702 Newark, DE was around $50. Food prices were also relatively low; basic groceries could be purchased for approximately $30 for a family of four each week. As a result, many people could afford to live comfortably in 19702 Newark, DE on a reasonable budget.