Cost of Living: Princeton, NJ vs Newark, NJ
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,144/mo in Princeton, NJ versus $4,144/mo in Newark, NJ. In the model, rent is about 35.67% of gross in Princeton, NJ versus 19.39% in Newark, NJ, so Newark, NJ tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Princeton, NJ and Newark, NJ.
At a glance
- Cheaper overall (lower cost-of-living index): Princeton, NJ
- Lower rent (median 1BR/2BR): Newark, NJ
- Lower home prices: Newark, NJ
- Higher median household income: Princeton, NJ
Cost of Living Index
Princeton, NJ: 100 (U.S. = 100) · Newark, NJ: 118.5 (U.S. = 100)
Princeton, NJ has a lower cost-of-living index than Newark, NJ, so a given salary generally stretches further there.
Median Rent
Princeton, NJ: $2,326/mo (midpoint of 1BR/2BR) · Newark, NJ: $1,264/mo
Median rent in Princeton, NJ is $1,062/mo higher than in Newark, NJ.
Median Home Price
Princeton, NJ: $1,040,400 · Newark, NJ: $337,800
Median home price in Princeton, NJ is $702,600 higher than in Newark, NJ.
Median Household Income
Princeton, NJ: $184,113 · Newark, NJ: $48,416
Princeton, NJ has a higher median household income than Newark, NJ by $135,697.
Princeton, NJ overview · Newark, NJ overview · Popular comparisons