Newark's Rental Market: Above Average and Competing Globally
Rent Prices Exceeding National and State Averages
Renting a two-bedroom unit in Newark, Delaware, comes at a higher cost compared to both national and state averages. The average monthly rent for such units stands at $1490, which is $42 more than the national average of $1430 and a significant $107 above Delaware's state average of $1330.
Newark's Cost of Living in a Global Perspective
Newark's cost of living falls within the top 23 most expensive cities globally, ranking 2166th out of 9294 cities included in a global assessment. This places Newark in the company of highly renowned metropolises.
The data presented has been gathered through contributions from 11 individuals within the past 18 months. In cases of insufficient data, reasonable estimates have been made. Individuals residing in Newark are encouraged to contribute their insights to refine the accuracy of this analysis.
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