Is Newark, NJ cheaper than Yonkers, NY?

Based on cost of living data, Newark, NJ is 34.4% more expensive than Yonkers, NY. This translates to spending an extra $2580 per month.

What salary do I need in Newark, NJ to live like I do in Yonkers, NY?

If you earn $150,000 in Yonkers, NY, you'd need approximately $180,960 in Newark, NJ to maintain the same standard of living.

How does housing cost compare between Yonkers, NY and Newark, NJ?

Housing in Newark, NJ is 105.8% more expensive than in Yonkers, NY. For a two-bedroom apartment, rent is $1,930/month in Newark, NJ compared to $2,860/month in Yonkers, NY.

How much can I save per month by moving from Yonkers, NY to Newark, NJ?

Living in Newark, NJ costs approximately $2580 more per month than Yonkers, NY, or $30960 more per year, based on a $150,000 salary.

Yonkers, NY vs Newark, NJ: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

Data: HUD rent estimates, BLS cost of living

Current salary in Yonkers, NY

Numbers update automatically as you type

You'd spend $2.6K/month more in Newark, NJ

$150.0K in your current city equals $181.0K in Newark, NJ

Rent data from HUD ZIP-level estimates · COL index from New York-Newark-Jersey City, NY-NJ-PA area

Overall Cost

↑ 34.4%

More expensive

Monthly Impact

$2,580

Extra cost

Annual Impact

$31.0K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Yonkers, NY

Population:208K

Cost Index:

100

100 = national average

Median Home:$648K

Newark, NJ

Population:312K

Cost Index:

134

(34% above avg)

Median Home:$484K

Yonkers, NY

The Empire State

208K

Population

State Tax

Yes

Located in New York, this city has a population of 208K residents.

Newark, NJ

The Garden State

312K

Population

State Tax

Yes

Located in New Jersey, this city has a population of 312K residents.

Cost Breakdown by Category

Annual spending: Yonkers, NY vs Newark, NJ

Category	Yonkers, NY	Newark, NJ	Difference	Change
Housing	$3,716/mo	$7,648/mo	↑ $3,932more	105.8%
Groceries	$1,099/mo	$1,165/mo	↑ $65.95more	6.0%
Other	$2,026/mo	$2,034/mo	↑ $8.37more	0.4%
All Utilities	$596/mo	$600/mo	↑ $4.37more	0.7%
Transportation	$1,598/mo	$1,602/mo	↑ $4.10more	0.3%
Healthcare	$688/mo	$688/mo	→ $0	0.0%

Housing

↑ 105.8%

Yonkers, NY

$3,716

Newark, NJ

$7,648

Difference

$3,932

Groceries

↑ 6.0%

Yonkers, NY

$1,099

Newark, NJ

$1,165

Difference

$65.95

Other

↑ 0.4%

Yonkers, NY

$2,026

Newark, NJ

$2,034

Difference

$8.37

All Utilities

↑ 0.7%

Yonkers, NY

$596

Newark, NJ

$600

Difference

$4.37

Transportation

↑ 0.3%

Yonkers, NY

$1,598

Newark, NJ

$1,602

Difference

$4.10

Healthcare

→ 0.0%

Yonkers, NY

$688

Newark, NJ

$688

Difference

same

🏛️ Local Income Taxes

Yonkers, NY: Yonkers Surcharge (16.75% of state tax)$2,939/yr (2.0%)

Newark, NJ: Newark Payroll Tax$1,500/yr (1.0%)

Net difference-$1,439/yr

Local taxes are in addition to state income tax. Not all cities levy local income taxes.

🏠Rent Comparison

Studio

From$2,490

To$1,400

↓ $1,090

1 Bed

From$2,610

To$1,600

↓ $1,010

2 Bed

From$2,860

To$1,930

↓ $930

3 Bed

From$3,580

To$2,430

↓ $1,150

Yonkers, NYZIP-level data

1BR range: $2,400–$2,710/mo

Newark, NJZIP-level data

1BR range: $1,600–$1,610/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$9,722

Monthly in Yonkers, NY

$13,737

Monthly in Newark, NJ

$4,015

Difference

Home Values

Yonkers

Newark

$648K

Median Value

$484K

↑ +4.6%

YoY Change

↓ -0.4%

↑ +30.3%

5-Year Change

↑ +30.9%

$598K - $729K

Price Range

$395K - $565K

Homes in Newark are 25% less expensive than Yonkers

Calculate payment - Yonkers Calculate payment - Newark

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $2.1K

Per year

Monthly Difference

$176

More take-home

Effective Rate Diff

1.4%

Rate difference

Yonkers, NY

Federal Income Tax

Effective: 18.9%

$25.5K

New York State Tax

Effective: 6.4%

$9.5K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 31.0%

$46.6K

Take-Home Pay

$8,620/month

$103.4K

Newark, NJ

Federal Income Tax

Effective: 18.9%

$25.5K

New Jersey State Tax

Effective: 5.0%

$7.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.6%

$44.4K

Take-Home Pay

$8,796/month

$105.6K

Additional Tax Information

Yonkers, NY Tax Rates

Sales Tax:8.8%

Property Tax:1.2%

Newark, NJ Tax Rates

Sales Tax:6.6%

Property Tax:2.5%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.