New Providence vs Newark, NJ
Property taxes, schools, NJ Transit pass and monthly cost for New Providence 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, $8,590 less than $16,231 in New Providence. Newark is below the NJ average of $10,340 and New Providence is above it.
- Median sale priceNewark $440,000 vs New Providence $948,500
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The median single-family sale price is $440,000 in Newark and $948,500 in New Providence, $508,500 more (GSMLS, 2025 closed sales).
- Monthly cost estimateNewark $3,260 vs New Providence $7,153
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On the site's monthly cost estimate (mortgage, property tax and NJ Transit pass, each on the town's median single-family sale price), Newark comes to $3,260 a month and New Providence to $7,153, a gap of $3,893.
- Peak commuteNew Providence 48 min vs Newark 18 min
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Peak commute is 48 minutes in New Providence and 18 minutes in Newark, 30 minutes shorter in Newark.
- NJ Transit passNewark $184 vs New Providence $362
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The NJ Transit monthly pass to NY Penn is $184 in Newark and $362 in New Providence, $178 more.
- Higher school resultsNew Providence: 4-year graduation, ELA, math
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On the district results, New Providence's district is higher on 4-year graduation (96.4% vs 90.0%), ELA (84.7% vs 34.3%) and math (79.4% 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
- New Providence$7,153 / monthMortgage $5,171 · Property tax $1,620 · NJ Transit pass $362 · on a $948,500 median single-family home
- 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.
Home prices
Median sale price, single-family
- New Providence$948,500100 sales
- Newark$440,000274 sales
Median sale price, condo / townhouse
- New Providence$799,00013 sales
- Newark$340,000112 sales
Monthly mortgage
- New Providence$5,171 / month
- Newark$2,399 / month
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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
- New Providence$16,231 / year$5,891 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
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Bills compare better than raw tax rates, because towns assess homes at different shares of market value.
Schools
Meeting ELA standards
- New Providence84.7% Above NJ average
- Newark34.3% Below NJ average
- NJ state53.0%
Meeting math standards
- New Providence79.4% Above NJ average
- Newark22.0% Below NJ average
- NJ state42.0%
4-year graduation rate
- New Providence96.4% Above NJ average
- Newark90.0% Below NJ average
- NJ state91.8%
Chronic absenteeism
- New Providence4.0% Below NJ average
- Newark10.0% Below NJ average
- NJ state14.4%
Student:teacher ratio
- New Providence10:1
- Newark15:1
- NJ state12:1
Commute
NJ Transit adult monthly pass to NY Penn
- New Providence$362 / month
- Newark$184 / month
Peak commute time
- New Providence48 min
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Typical from New Providence: 55.5 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
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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: New Providence · Newark. Find a local expert if you want help weighing these two towns.