Moving to Newark, NJ in 2023? Complete Moving Guide

The following is a simple breakdown of the key elements that makes up the city’s cost of living since you’re considering moving to Newark, New Jersey:

How Is The Housing Market Of Newark, New Jersey?

Buying a home might be your preferred housing choice if you’re moving to Newark, NJ. Currently, there are more renters in the city than homeowners. To give you an idea of what to expect, we collated key stats about the city’s housing market since you’re considering moving to Newark, New Jersey.

• Newark’s median home cost is $351,700
• Over the last 10 years, Newark’s home values increased by 68.0%
• Newark’s home appreciation is up by 15.8%
• Around 65.5% of Newark’s population are renters
• Up to 5.4% of homes and apartments in Newark are open to rent

Average Rental Prices In Newark, New Jersey

Renting a home after moving to Newark New Jersey can be a good housing option. The type of home you want and the location you choose will determine the rent you’ll have to pay. Here’s a quick breakdown of the average cost of renting a home in Newark:

• Newark’s average rent for a studio apartment is $883
• Newark’s average rent for 1-bedroom home or apartment is $1,062
• Newark’s average rent for a 2-bedroom home or apartment is $1,285
• Newark’s average rent for a 3-bedroom home or apartment is $1,639
• Newark’s average rent for a 4-bedroom home or apartment is $1,954

If you’re interested in moving to Newark and getting a new job, the following are key stats to note:

• Newark’s unemployment rate is 13.0%. The American average is 6.0%
• Newark’s job growth has been on the negative so far
• Newark’s jobs have decreased by 0.7% over the past year
• Newark’s future job growth is predicted to hit 18.09%

Here’s a table that shows a simple breakdown of Newark’s job market:

Fastest Growing Jobs In Newark, New Jersey

If you’re interested in getting a job faster, you shouldn’t hesitate to take a look at the fastest-growing jobs in Newark. The following are the top ten fastest-growing jobs in the city since you’re considering moving to Newark, New Jersey.

Top Career Options In Newark, New Jersey

Surgeons and Chief executives are the highest paying jobs in Newark, NJ. If you’re moving to Newark, you’ll most likely be interested in the city’s highest-paying jobs. The following are the city’s highest paying jobs since you’re considering moving to Newark, NJ:

The following are the key components that make up the city’s taxes. This will give you an idea of what to expect if you’re moving to Newark, New Jersey:

• New Jersey’s income tax is 1.40% - 10.75%
• New Jersey’s sales tax is 3.3225% - 6.625%
• Property tax in New Jersey is 2.42% average effective rate
• New Jersey’s gas tax is 10.50 cents per gallon of regular gasoline
• Per gallon of diesel, New Jersey’s gas tax is 13.50 cents

There are no dull moments in Newark, NJ. You’ll find lots of exciting things to do and beautiful places and attractions to visit. The following are the best things to do in the city if you’re moving to Newark, New Jersey:

• Get in touch with your jazzy side at The Priory
• Fill up at Hobby's Delicatessen & Restaurant
• Wander between the sculptures in Military Park
• See cultural past at the Jewish Museum of New Jersey
• Have a tipple and the Gaslight Brewery & Restaurant
• See a show at the New Jersey Performing Arts Center
• See the cherry blossoms at Branch Brook Park
• See Tibetan treasures at the Newark Museum
• Wonder at the Cathedral Basilica of the Sacred Heart
• Get the luck of the Irish at the Kilkenny Ale House
• Catch the New Jersey Devils at The Rock
• Delve into the laboratories at the Thomas Edison National Historical Park
• See the city lights twinkle from Riverfront Park
• Sample the multicultural flavors of the Ironbound neighborhood
• See urban art at its best at the City Without Walls

Tip:Often, you feel like calculating the moving cost before you connect with a moving company. To help you, we've got a free moving cost calculator.