Living in Newark, Illinois
Cost of living, income, home prices, rent and demographics of Newark · Census data 2020–2024
Newark has 1,138 residents with a median age of 43. The median household income is $99,375 (19% higher than the Illinois median), the median home value is $241,100, the median rent is $1,006/month.
Newark is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Newark at a glance
- Population
- 1,138
- Median age
- 43State: 39
- Median household income
- $99,375State: $83,390
- Median home value
- $241,100State: $263,300
- Median rent
- $1,006/moState: $1,274
- Homeowners
- 83%
- Bachelor's degree or higher
- 22.6%
- Average commute
- 24 min
Is Newark a good place to live?
Pros: Median household income 19% higher than the Illinois median; home values 8% lower than the state median; an average commute of 24 minutes; unemployment of 2.3%; a poverty rate of 4.4%.
The weather is best in June to September.
Cost of living in Newark
Housing is the biggest part of the cost of living. In Newark the median home value is $241,100, 28% lower than the U.S. median. Renters pay a median of $1,006 per month, which is 28.8% of household income. Homeowners with a mortgage pay $1,818 a month in housing costs.
Newark median household income
The median household income in Newark is $99,375 and the income per person is $46,869. 4.4% of residents live below the poverty line (Illinois: 11.8%).
Housing in Newark: homes for sale and rent
- Housing units
- 443
- Owner-occupied
- 83%
- Renter-occupied
- 17%
- Vacant
- 5.6%Includes seasonal homes
- Median year built
- 1965
- Average household size
- 2.72
Newark demographics
- Population
- 1,138
- Median age
- 43
- Under 18
- 18.5%
- 65 and older
- 24.1%
- Households
- 418
- Foreign-born
- 3.8%
- Veterans
- 7.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Newark ›
Education in Newark
22.6% of adults 25 and older in Newark have a bachelor's degree or higher (Illinois: 37.8%), and 3.9% have a graduate or professional degree.
Jobs and commute in Newark
- Unemployment rate
- 2.3%State: 5.8%
- Average commute
- 24 minState: 28 min
- Work from home
- 13.7%
- Drive alone
- 70.5%
- Public transit
- 0%
- Walk to work
- 1.8%
- Homes with broadband
- 92.1%
Newark vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Newark | 1,138 | $99,375 | $241,100 | $1,006 |
| Millington | 729 | $81,775 | $230,700 | $1,135 |
| Sheridan | 2,519 | $85,250 | $186,400 | $1,070 |
| Millbrook | 243 | $137,560 | $361,900 | — |
| Lake Holiday | 5,641 | $107,875 | $256,400 | $1,496 |
| Lisbon | 373 | $99,375 | $231,300 | $963 |
| Sandwich | 7,219 | $80,768 | $255,700 | $1,029 |
| Somonauk | 1,569 | $84,583 | $234,400 | $993 |
| Plattville | 225 | $113,750 | $309,100 | — |
More for people moving to Newark
Newark ZIP code ›Weather and climate ›Living in Newark: FAQ
What is the median household income in Newark, IL?
The median household income in Newark is $99,375, 19% higher than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Newark?
The median home value in Newark is $241,100, compared with $263,300 in Illinois.
How much is rent in Newark?
The median gross rent in Newark is $1,006 per month, about 28.8% of household income.
Is Newark, IL a good place to live?
Pluses: median household income 19% higher than the Illinois median; home values 8% lower than the state median; an average commute of 24 minutes; unemployment of 2.3%; a poverty rate of 4.4%.
What is the median age in Newark?
The median age in Newark is 43 years (Illinois: 39).
How long is the commute in Newark?
The average commute to work in Newark is 24 minutes; 13.7% of workers work from home.
What is the unemployment rate in Newark?
The unemployment rate in Newark is 2.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Newark?
22.6% of adults in Newark have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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