Hoboken, NJ vs Newark, NJ: Cost of Living Comparison
Newark has the lower overall cost of living. (100 = US national average)
Category-by-Category Comparison
| Category | Hoboken | Newark | Cheaper |
|---|---|---|---|
| Overall cost of living | 201 | 95 | Newark |
| Housing | 250 ($1,973) | 97 ($931) | Newark |
| Transportation | 100 ($3.50) | 115 ($3.50) | Hoboken |
| Food & groceries | 237 ($972) | 65 ($267) | Newark |
| Utilities | 175 ($450) | 99 ($175) | Newark |
| Healthcare | 175 ($325) | 99 ($126) | Newark |
| Median annual wage | 121 ($58,570) | 121 ($58,570) | Tie |
Index 100 = US national average. Lower = cheaper. For wage, higher = better.
Frequently Asked Questions
Is Hoboken, NJ or Newark, NJ cheaper to live in?
Newark, NJ is cheaper overall by about 106 index points (Hoboken, NJ: 201, Newark, NJ: 95; 100 = US national average).
What salary do I need in Hoboken, NJ vs Newark, NJ?
A single adult needs roughly $70,350/year in Hoboken, NJ and $33,250/year in Newark, NJ to cover basic living costs.