Cost of Living in Newark, OH
Population: 50,393 • 2026 Data
$58,920
Median Household Income
-24% vs national
$926
Median Monthly Rent
-31% vs national
$174,100
Median Home Value
-49% vs national
3.5%
Unemployment Rate
Housing in Newark
The median home value in Newark, OH is $174,100. Monthly rent for a typical unit averages $926, while total monthly housing costs (including utilities and insurance) average $935.
Rent-to-income ratio: 18.9%. 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, OH is $58,920. The unemployment rate stands at 3.5%, with a labor force of 24,033 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.