Cost of Living: Newark, NJ vs Peoria, AZ (2026)

Newark

New Jersey
100
VS

Peoria

Arizona
125

Newark is 20% cheaper than Peoria.

$1,330/mo ↓ 24%
Median Rent
$1,743/mo ↑ 31%
$48,416/yr ↓ 48%
Median Income
$93,403/yr ↑ 93%
$337,800 ↓ 21%
Home Value
$429,400 ↑ 27%
$1,419/mo ↓ 11%
Owner Costs
$1,589/mo ↑ 12%
307,188
Population
194,338

Tax Comparison

10.75%
Income Tax
2.5%
6.625%
State Sales Tax
5.6%
2.23%
Property Tax
0.62%

Affordability

33.0%
rent-to-income
Affordability
22.4%
rent-to-income

Detailed Comparison

When comparing Newark, NJ and Peoria, AZ, the overall cost of living indices are 100 and 125 respectively (national median = 100). Rent is $413/month cheaper in Newark, saving renters about $4,956/year.

Median household income is $44,987/year higher in Peoria. Home values also differ significantly — the median in Newark is $337,800 compared to $429,400 in Peoria.

Arizona has a lower income tax rate, making Peoria slightly more tax-friendly.

Frequently Asked Questions

Newark vs Peoria — common questions

Is Newark or Peoria cheaper to live in?
Based on our cost index, Newark is cheaper to live in with an index of 100 compared to 125 (US average = 100).
What is the rent difference between Newark and Peoria?
Median rent in Newark is $1,330/month and in Peoria it's $1,743/month — a difference of $413/month.
Which city has higher income, Newark or Peoria?
Median household income is $48,416 in Newark and $93,403 in Peoria. Median household income is $44,987/year higher in Peoria.
How do taxes compare between New Jersey and Arizona?
New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax. Arizona has 2.5% income tax, 5.6% sales tax, and 0.62% property tax.
Should I move to Newark or Peoria?
It depends on your priorities. Newark has a cost index of 100 with median rent of $1,330/mo, while Peoria has a cost index of 125 with rent of $1,743/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Newark details → View Peoria details →

More Comparisons

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