Cost of Living: Newark, NJ vs Miramar, FL (2026)

Newark

New Jersey
100
VS

Miramar

Florida
135

Newark is 26% cheaper than Miramar.

$1,330/mo ↓ 32%
Median Rent
$1,954/mo ↑ 47%
$48,416/yr ↓ 44%
Median Income
$86,109/yr ↑ 78%
$337,800 ↓ 20%
Home Value
$420,300 ↑ 24%
$1,419/mo ↓ 24%
Owner Costs
$1,863/mo ↑ 31%
307,188
Population
135,986

Tax Comparison

10.75%
Income Tax
0%
6.625%
State Sales Tax
6.0%
2.23%
Property Tax
0.86%

Affordability

33.0%
rent-to-income
Affordability
27.2%
rent-to-income

Detailed Comparison

When comparing Newark, NJ and Miramar, FL, the overall cost of living indices are 100 and 135 respectively (national median = 100). Rent is $624/month cheaper in Newark, saving renters about $7,488/year.

Median household income is $37,693/year higher in Miramar. Home values also differ significantly — the median in Newark is $337,800 compared to $420,300 in Miramar.

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

Frequently Asked Questions

Newark vs Miramar — common questions

Is Newark or Miramar cheaper to live in?
Based on our cost index, Newark is cheaper to live in with an index of 100 compared to 135 (US average = 100).
What is the rent difference between Newark and Miramar?
Median rent in Newark is $1,330/month and in Miramar it's $1,954/month — a difference of $624/month.
Which city has higher income, Newark or Miramar?
Median household income is $48,416 in Newark and $86,109 in Miramar. Median household income is $37,693/year higher in Miramar.
How do taxes compare between New Jersey and Florida?
New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Newark or Miramar?
It depends on your priorities. Newark has a cost index of 100 with median rent of $1,330/mo, while Miramar has a cost index of 135 with rent of $1,954/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Newark details → View Miramar details →

More Comparisons

Other cost of living comparisons for Newark and Miramar

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