Cost of Living: Newark, NJ vs Lewisville, TX (2026)

Newark

New Jersey
100
VS

Lewisville

Texas
112

Newark is 11% cheaper than Lewisville.

$1,330/mo ↓ 15%
Median Rent
$1,572/mo ↑ 18%
$48,416/yr ↓ 43%
Median Income
$85,002/yr ↑ 76%
$337,800 ↓ 4%
Home Value
$350,200 ↑ 4%
$1,419/mo ↓ 13%
Owner Costs
$1,631/mo ↑ 15%
307,188
Population
128,313

Tax Comparison

10.75%
Income Tax
0%
6.625%
State Sales Tax
6.25%
2.23%
Property Tax
1.6%

Affordability

33.0%
rent-to-income
Affordability
22.2%
rent-to-income

Detailed Comparison

When comparing Newark, NJ and Lewisville, TX, the overall cost of living indices are 100 and 112 respectively (national median = 100). Rent is $242/month cheaper in Newark, saving renters about $2,904/year.

Median household income is $36,586/year higher in Lewisville. Home values also differ significantly — the median in Newark is $337,800 compared to $350,200 in Lewisville.

Texas has no state income tax, giving Lewisville residents a significant tax advantage over New Jersey's 10.75% rate.

Frequently Asked Questions

Newark vs Lewisville — common questions

Is Newark or Lewisville cheaper to live in?
Based on our cost index, Newark is cheaper to live in with an index of 100 compared to 112 (US average = 100).
What is the rent difference between Newark and Lewisville?
Median rent in Newark is $1,330/month and in Lewisville it's $1,572/month — a difference of $242/month.
Which city has higher income, Newark or Lewisville?
Median household income is $48,416 in Newark and $85,002 in Lewisville. Median household income is $36,586/year higher in Lewisville.
How do taxes compare between New Jersey and Texas?
New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Newark or Lewisville?
It depends on your priorities. Newark has a cost index of 100 with median rent of $1,330/mo, while Lewisville has a cost index of 112 with rent of $1,572/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Newark details → View Lewisville details →

More Comparisons

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