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Newark, DE

Complete financial data dashboard — cost of living, mortgage calculator, salary comparisons, and tax details.Source: U.S. Census Bureau ACS 2023 · FRED

Cost Index
93
Average
Median Home Value
$357,600
National: $426,735
Median Rent
$1,611/mo
National: $1,527/mo
Household Income
$71,373
National: $84,532
Population
30,309
Purchasing Power
91
100 = national baseline

Cost of Living Breakdown

Housing Cost Index
84 / 100
100 = national average
Rent Index
106 / 100
Overall Index
93
Average

Newark Mortgage Calculator

Pre-filled with the local median home value of $357,600 and Delaware's property tax rate of 0.57%.

Salary & Purchasing Power

Median household income is $71,373 16% below the national average.

What $71,373 in Newark Gets You Elsewhere

CityEquivalent SalaryDifference
New York, NY$115,885+62%
Los Angeles, CA$130,467+83%
Chicago, IL$62,164-13%
Houston, TX$54,489-24%

Property Tax in Newark, DE

Est. Annual Property Tax
$2,038
Monthly Impact
$170
Added to your mortgage
Effective Rate
0.57%
National avg: ~1.00%

Delaware Tax Overview

Tax TypeDelawareNational Avg
Property Tax Rate0.57%1.00%
Top Income Tax Rate6.6%~5.0%
State Sales TaxNo Sales Tax~5.0%

Compare Newark to Another City

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Cost of Living Comparison

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Newark, DE
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Cost Index Comparison (100 = National Avg)

Housing CostsNational Avg: 100
Newark, DE: 84
Rent Prices
106
LC
Reviewed by LivabilityCalc Research Team
Financial Data Analysts · Census & Economic Data Specialists
📊 Data Sources & Methodology
  • Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 2023 1-Year Estimates
  • Mortgage Rates: Freddie Mac Primary Mortgage Market Survey via Federal Reserve Economic Data (FRED)
  • Tax Rates: Tax Foundation State & Local Tax Data, 2024
  • Cost of Living Index: Calculated using Census housing + rental data vs. national median (see methodology)
Last data update: March 2026 · Mortgage rates updated weekly · Page auto-refreshes every 24 hours via ISR