Is it cheaper to live in Concord or Newark?

Newark, NJ is cheaper. Its monthly baseline of $1,230 (1BR rent + utilities) runs about 13% below Concord, NH's $1,410, mainly because of rent.

How much more do you need to earn to live in Concord than in Newark?

To keep rent near the recommended 30% of gross income, you'd want to earn roughly $45,000 a year in Concord versus $39,000 in Newark.

Which has lower taxes, Concord or Newark?

Concord is taxed under New Hampshire's rules (no state income tax and no state sales tax); Newark under New Jersey's (a top state income tax rate of 10.75% and a 6.625% state sales tax).

Concord vs Newark Cost of Living 2026

Concord

New Hampshire

$1,410/mo est.

Newark

New Jersey

$1,230/mo est.

Monthly estimate = 1BR rent + electricity + gas

A one-person monthly baseline (1BR rent plus typical utilities) runs $1,410 in Concord, NH versus $1,230 in Newark, NJ. Overall, Newark, NJ is roughly 13% cheaper to live in day-to-day than Concord, NH, driven mainly by rent.

Median household income is $83,701 in Concord, NH and $48,416 in Newark, NJ — about 42% higher in Concord, NH. New Hampshire has no state income tax and no state sales tax; New Jersey has a top state income tax rate of 10.75% and a 6.625% state sales tax.

Concord, NH

Newark, NJ

Rent

Studio

$876

$1,111

+27% in Newark, NJ

1 Bedroom

$1,134

$978

+14% in Concord, NH

2 Bedroom

$1,475

$1,386

+6% in Concord, NH

3 Bedroom

$1,769

$1,695

+4% in Concord, NH

Buying a Home

Median Home Value

$323,700

$337,800

+4% in Newark, NJ

Income

Median Household Income

$83,701

$48,416

+42% in Concord, NH

Metro Median Wage (annual)

—

$61,430

People & Lifestyle

Median Age

40.7 yr

34.8 yr

+5.9 yr in Concord, NH

Homeownership

57.4%

24.1%

+33.3 pp in Concord, NH

Bachelor's+ (25+)

40.1%

17.4%

+22.7 pp in Concord, NH

Avg Commute

23.2 min

33.2 min

+10.0 min in Newark, NJ

Crime (per 100k/yr)

Violent Crime

180.7

582.5

+222% in Newark, NJ

Property Crime

1,251.5

1,961.8

+57% in Newark, NJ

FBI Crime Data Explorer. Offenses per 100,000 residents per year; agency reporting practices vary, so this is approximate.

Climate

Avg Annual Temperature

46.4°F

54.9°F

+8.5°F in Newark, NJ

Annual Precipitation

40.6 in

46.3 in

+5.6 in in Newark, NJ

Gas

Regular Gasoline

$3.94/gal

about equal

Area: East Coast (PADD 1) vs East Coast (PADD 1).

Utilities

Electricity (¢/kWh)

27.0

24.9

+8% in Concord, NH

Natural Gas ($/MCF)

$21.67

$17.68

+18% in Concord, NH

Residential, state-level averages (EIA). MCF = 1,000 cubic feet.

Groceries

Milk (gal)

$4.31

about equal

Bread (lb)

$1.92

about equal

Eggs (doz)

$2.19

about equal

Ground Beef (lb)

$6.90

about equal

Chicken (lb)

$2.19

about equal

Bananas (lb)

$0.69

about equal

Average prices — Northeast vs Northeast (BLS). Regional where available, otherwise U.S. average.

State Taxes

Sales Tax (NH / NJ)

None

6.625%

+6.6 pp in NJ

Income Tax (top rate)

None

10.75%

+10.8 pp in NJ

Concord vs Newark — FAQ

Is it cheaper to live in Concord or Newark?: Newark, NJ is cheaper. Its monthly baseline of $1,230 (1BR rent + utilities) runs about 13% below Concord, NH's $1,410, mainly because of rent.
How much more do you need to earn to live in Concord than in Newark?: To keep rent near the recommended 30% of gross income, you'd want to earn roughly $45,000 a year in Concord versus $39,000 in Newark.
Which has lower taxes, Concord or Newark?: Concord is taxed under New Hampshire's rules (no state income tax and no state sales tax); Newark under New Jersey's (a top state income tax rate of 10.75% and a 6.625% state sales tax).

Sources: US Census Bureau, ACS 5-Year (rent, income, home value, demographics); NOAA Climate Normals 1981–2010 (climate); EIA weekly retail (gas); Tax Foundation 2026 (state taxes).