Newark vs Springfield
Cost of Living Comparison · 2026
Newark
Springfield
The Verdict
Springfield is 44.0% less expensive than Newark overall. A household earning $75,000 in Newark would need approximately $52,066 in Springfield to maintain the same standard of living.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Newark has the same purchasing power as $52,066 in Springfield.
Conversely, $75,000 in Springfield equals $108,036 in Newark.
Living in Newark vs Springfield
Housing Costs
Newark's housing index of 149 is higher Springfield's 67, translating to median home prices of $340,000 vs $225,000. The $115,000 difference in home prices means roughly $7,476 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,400/mo in Newark compared to $950/mo in Springfield, a monthly difference of $450.
Grocery & Food Costs
Grocery expenses index at 103 in Newark and 94 in Springfield. A household spending the national average of $475/month on groceries would pay approximately $489/month in Newark vs $447/month in Springfield. Springfield offers a meaningful advantage on everyday food costs, saving roughly $504/year.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 118 in Newark and 79 in Springfield. Monthly utility bills average approximately $472 in Newark vs $316 in Springfield. Climate differences between the two cities drive much of this gap, with heating and cooling costs varying substantially by region.
Healthcare
Healthcare costs index at 105 in Newark and 116 in Springfield. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 11-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.
Income & Purchasing Power
Median household income is $40,014 in Newark and $46,000 in Springfield. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $33,069 and $54,762 respectively. Springfield residents come out ahead in real purchasing power.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $934/month to housing in Newark vs $1,073/month in Springfield. In Newark, median rent of $1,400/mo exceeds this threshold, suggesting renters may feel stretched. In Springfield, median rent of $950/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 82 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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