Housing costs in Newark?
A typical home costs
$202,900, which is 40.0% less expensive than the national average of
$338,100 and 3.0% more expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Newark costs
$940 per month, which is 4.1% cheaper than the national average of
$980 and 22.3% cheaper than the state average of
$1,150.
Can I afford Newark?
To live comfortably in Newark (zip 43055), Ohio, a minimum annual income of
$38,880 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Newark?
The cost of living in Newark, OH 43055 is relatively low compared to other areas of the country. The median home price is around $124,000 and the median rent for a two-bedroom apartment in the area is just under $650 a month. Additionally, everyday essentials are also affordable with groceries costing around 10 percent less than the national average and utilities being significantly lower as well. All of this makes living in Newark, OH 43055 an attractive option for many families and individuals.