There are 20 retirement homes serving Newark, New Jersey. This includes 1 in Newark and 19 nearby. Retirement home living costs in New Jersey range from around $37 to $171 per day, with an average expenditure running about $100. The per month expense averages around $2,986 and ranges between $1,104 and $5,115. Yearly, the average cost is around $35,838, which is higher than the US average of $23,100.
Retirement home care costs in Newark, NJ generally range from about $1,804 per month to $5,528 per month, with an average cost of about $3,823 per month. That equates to a yearly cost of $45,870.
Located in Essex County, Newark is a major city in the State of New Jersey. It is part of the New York-Northern New Jersey-Long Island metropolitan statistical area. It is the biggest city in the state, with 277,237 inhabitants residing in the city limits and 5,372,907 in the surrounding area. Those over the age of 55 comprise around 18% of the total community.
Newark has a medium SeniorScore™ of 61. The city has an average per capita income of $18,000 and an average household income is $36,000 (the New Jersey state average is $84,000). The current unemployment rate is about 15.96% and the median home price is $153,000, which is much less than the New Jersey average of $547,500.
Newark has tolerable average temperatures, with comfortable winters and mildly warm summers. The city gets large amounts of rainfall each year. In relation to other American cities, Newark has a very high crime rate, good air quality, and average water quality.