Chatham Twp vs Newark, NJ
Property taxes, schools, NJ Transit pass and monthly cost for Chatham Twp and Newark, side by side with sources.
At a glance
- Lower tax billNewark, $7,641 a year
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Newark has the lower 2025 average residential tax bill: $7,641 a year, $10,732 less than $18,373 in Chatham Twp. Newark is below the NJ average of $10,340 and Chatham Twp is above it.
- Median sale priceNewark $440,000 vs Chatham Twp $1,990,200
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The median single-family sale price is $440,000 in Newark and $1,990,200 in Chatham Twp, $1,550,200 more (GSMLS, 2025 closed sales).
- Peak commuteChatham Twp 46 min vs Newark 18 min
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Peak commute is 46 minutes in Chatham Twp and 18 minutes in Newark, 28 minutes shorter in Newark.
- Higher school resultsChatham Twp: 4-year graduation, ELA, math
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On the district results, Chatham Twp's district is higher on 4-year graduation (96.5% vs 90.0%), ELA (74.8% vs 34.3%) and math (68.5% vs 22.0%).
Figures are from the data file, version 2.4.2. Estimates are labeled. Sources and dates are in each section below. Add a third town in the compare tool.
Monthly cost
Estimated monthly cost Estimate
- Mortgage (principal and interest)
- Property tax
- NJ Transit pass
- Newark$3,260 / monthMortgage $2,399 · Property tax $676 · NJ Transit pass $184 · on a $440,000 median single-family home
More info
Each town uses its own headline median sale price, single-family unless the town's label says otherwise (GSMLS, 2025 closed sales), and its 2025 effective tax rate. Mortgage is the monthly mortgage in the data: Principal & interest only; excludes taxes and insurance. Calculated at a 7.24% 30-year fixed rate, 20% down, 30-year term. Excludes insurance, utilities, maintenance and HOA fees. Change the numbers in the calculator.
Not shown for Chatham Twp: The monthly cost estimate includes the NJ Transit rail pass to New York Penn Station, which does not apply to Chatham Twp (no NJ Transit rail station in town; residents typically use Chatham station in Chatham Borough), so no estimate is shown.
Home prices
Median sale price, single-family
- Chatham Twp$1,990,20096 sales
- Newark$440,000274 sales
Median sale price, condo / townhouse
- Chatham Twp$465,00043 sales
- Newark$340,000112 sales
Monthly mortgage
- Chatham Twp$10,851 / month
- Newark$2,399 / month
More info
Principal & interest only; excludes taxes and insurance. Based on the single-family median unless a town's row says otherwise.
Source: GSMLS, 2025 closed sales
Property taxes
Average residential tax bill, 2025
- Chatham Twp$18,373 / year$8,033 above the NJ average
- Newark$7,641 / year$2,699 below the NJ average
- NJ average$10,340 / yearState total, same series as the town bills
More info
Bills compare better than raw tax rates, because towns assess homes at different shares of market value.
Schools
Meeting ELA standards
- Chatham Twp74.8% Above NJ average
- Newark34.3% Below NJ average
- NJ state53.0%
Meeting math standards
- Chatham Twp68.5% Above NJ average
- Newark22.0% Below NJ average
- NJ state42.0%
4-year graduation rate
- Chatham Twp96.5% Above NJ average
- Newark90.0% Below NJ average
- NJ state91.8%
Chronic absenteeism
- Chatham Twp6.3% Below NJ average
- Newark10.0% Below NJ average
- NJ state14.4%
Student:teacher ratio
- Chatham Twp11:1
- Newark15:1
- NJ state12:1
Commute
NJ Transit adult monthly pass to NY Penn
- Newark$184 / month
More info
Not shown for Chatham Twp: No NJ Transit rail station in town; residents typically use Chatham station in Chatham Borough
Peak commute time
- Chatham Twp46 min
More info
Typical from Chatham: 53 min, median trip time of the scheduled trips arriving 7:00-9:00 AM on Wed 2026-11-18 (one itinerary per departure; dominated options excluded). Based on 6 trips.
- Newark18 min
More info
Typical from Newark Penn Station: 20 min, median trip time of the scheduled trips arriving 7:00-9:00 AM on Wed 2026-11-18 (one itinerary per departure; dominated options excluded). Based on 19 trips.
Full pages: Chatham Twp · Newark. Find a local expert if you want help weighing these two towns.