Newark, NJ vs Madison, WI: 100 vs 103

$1,330/mo ↓ 2%

Median Rent

$1,364/mo ↑ 3%

$48,416/yr ↓ 37%

Median Income

$76,983/yr ↑ 59%

$337,800 ↓ 3%

Home Value

$346,900 ↑ 3%

$1,419/mo ↓ 4%

Owner Costs

$1,476/mo ↑ 4%

307,188

Population

275,568

Detailed Comparison

When comparing Newark, NJ and Madison, WI, the overall cost of living indices are 100 and 103 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $28,567/year higher in Madison. Home values also differ significantly — the median in Newark is $337,800 compared to $346,900 in Madison.

Wisconsin has a lower income tax rate, making Madison slightly more tax-friendly.

Frequently Asked Questions

Newark vs Madison — common questions

Is Newark or Madison cheaper to live in?

Based on our cost index, Newark is cheaper to live in with an index of 100 compared to 103 (US average = 100).

What is the rent difference between Newark and Madison?

Median rent in Newark is $1,330/month and in Madison it's $1,364/month — a difference of $34/month.

Which city has higher income, Newark or Madison?

Median household income is $48,416 in Newark and $76,983 in Madison. Median household income is $28,567/year higher in Madison.

How do taxes compare between New Jersey and Wisconsin?

New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax. Wisconsin has 7.65% income tax, 5.0% sales tax, and 1.61% property tax.

Should I move to Newark or Madison?

It depends on your priorities. Newark has a cost index of 100 with median rent of $1,330/mo, while Madison has a cost index of 103 with rent of $1,364/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Newark, NJ vs Madison, WI (2026)

Newark

Madison

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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