Cost of Living in Newark, DE
Population: 30,309 • 2026 Data
$71,373
Median Household Income
-8% vs national
$1,611
Median Monthly Rent
+20% vs national
$357,600
Median Home Value
+5% vs national
6.7%
Unemployment Rate
Housing in Newark
The median home value in Newark, DE is $357,600. Monthly rent for a typical unit averages $1,611, while total monthly housing costs (including utilities and insurance) average $1,542.
Rent-to-income ratio: 27.1%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Newark, DE is $71,373. The unemployment rate stands at 6.7%, with a labor force of 14,215 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.