Cost of Living in Newark, OH
Housing
The housing market plays a significant role in determining the cost of living in Newark, OH.
- Housing Index: 85.0 / 100
- Median Home Price is: $176,250
- Average Rent (2 BR Apartment): $1120 per month
- Average Rent (2 BR House): $1136 per month
When considering a move to Newark, OH, the housing index stands at 85.0, indicating a reasonably accessible market compared to national averages. With a median home price of 176250, it's an attractive option for first-time buyers. Rental prices average around 1120 for a 2-bedroom apartment and 1136 for a house, offering diverse living arrangements based on your lifestyle needs. If you value affordability coupled with a community feel, Newark presents promising opportunities. Remember, local amenities and employment prospects are crucial to your final decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Newark, OH.
- Electricity Price: $15.92 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $220 per month
Living in Newark, OH could entail higher utility costs. Electricity costs sit at $15.92, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $220 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Newark is a financially viable option for your relocation.