Cost of Living: Newark, NJ vs Yonkers, NY (2026)

Newark

New Jersey
100
VS

Yonkers

New York
133

Newark is 25% cheaper than Yonkers.

$1,330/mo ↓ 23%
Median Rent
$1,730/mo ↑ 30%
$48,416/yr ↓ 41%
Median Income
$81,816/yr ↑ 69%
$337,800 ↓ 29%
Home Value
$478,000 ↑ 42%
$1,419/mo ↓ 19%
Owner Costs
$1,759/mo ↑ 24%
307,188
Population
209,529

Tax Comparison

10.75%
Income Tax
10.9%
6.625%
State Sales Tax
4.0%
2.23%
Property Tax
1.62%

Affordability

33.0%
rent-to-income
Affordability
25.4%
rent-to-income

Detailed Comparison

When comparing Newark, NJ and Yonkers, NY, the overall cost of living indices are 100 and 133 respectively (national median = 100). Rent is $400/month cheaper in Newark, saving renters about $4,800/year.

Median household income is $33,400/year higher in Yonkers. Home values also differ significantly — the median in Newark is $337,800 compared to $478,000 in Yonkers.

New Jersey has a lower income tax rate, making Newark slightly more tax-friendly.

Frequently Asked Questions

Newark vs Yonkers — common questions

Is Newark or Yonkers cheaper to live in?
Based on our cost index, Newark is cheaper to live in with an index of 100 compared to 133 (US average = 100).
What is the rent difference between Newark and Yonkers?
Median rent in Newark is $1,330/month and in Yonkers it's $1,730/month — a difference of $400/month.
Which city has higher income, Newark or Yonkers?
Median household income is $48,416 in Newark and $81,816 in Yonkers. Median household income is $33,400/year higher in Yonkers.
How do taxes compare between New Jersey and New York?
New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax. New York has 10.9% income tax, 4.0% sales tax, and 1.62% property tax.
Should I move to Newark or Yonkers?
It depends on your priorities. Newark has a cost index of 100 with median rent of $1,330/mo, while Yonkers has a cost index of 133 with rent of $1,730/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Newark details → View Yonkers details →

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