Living in Newark, New Jersey
Cost of living, income, home prices, rent and demographics of Newark · Census data 2020–2024
Newark has 310,178 residents with a median age of 34.7. The median household income is $52,060 (50% lower than the New Jersey median), the median home value is $373,700, the median rent is $1,392/month.
Newark at a glance
- Population
- 310,178
- Median age
- 34.7State: 40.1
- Median household income
- $52,060State: $103,556
- Median home value
- $373,700State: $454,400
- Median rent
- $1,392/moState: $1,720
- Homeowners
- 24.4%
- Bachelor's degree or higher
- 19.7%
- Average commute
- 33 min
Is Newark a good place to live?
Pros: Home values 18% lower than the state median.
Cons: Median household income 50% lower than the New Jersey median; an average commute of 33 minutes; unemployment of 11.6%; a poverty rate of 23.4%.
The weather is best in May–June and August–September.
Cost of living in Newark
Housing is the biggest part of the cost of living. In Newark the median home value is $373,700, 12% higher than the U.S. median. Renters pay a median of $1,392 per month, which is 33.7% of household income. Homeowners with a mortgage pay $2,572 a month in housing costs.
Newark median household income
The median household income in Newark is $52,060 and the income per person is $27,193. 23.4% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Newark: homes for sale and rent
- Housing units
- 121,546
- Owner-occupied
- 24.4%
- Renter-occupied
- 75.6%
- Vacant
- 6.7%Includes seasonal homes
- Median year built
- 1966
- Average household size
- 2.62
Newark demographics
- Population
- 310,178
- Median age
- 34.7
- Under 18
- 24.8%
- 65 and older
- 10.8%
- Households
- 113,384
- Foreign-born
- 36.1%
- Veterans
- 2.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Newark ›
Education in Newark
19.7% of adults 25 and older in Newark have a bachelor's degree or higher (New Jersey: 43.6%), and 6.4% have a graduate or professional degree.
Jobs and commute in Newark
- Unemployment rate
- 11.6%State: 6.3%
- Average commute
- 33 minState: 31 min
- Work from home
- 7.3%
- Drive alone
- 49.1%
- Public transit
- 19.3%
- Walk to work
- 5.1%
- Homes with broadband
- 86.4%
Newark vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Newark | 310,178 | $52,060 | $373,700 | $1,392 |
| Harrison | 20,369 | $93,013 | $505,800 | $2,226 |
| East Newark | 2,497 | $48,646 | $470,300 | $1,799 |
| Irvington | 60,867 | $61,609 | $335,600 | $1,386 |
| Kearny | 40,614 | $79,154 | $459,400 | $1,720 |
| East Orange | 70,090 | $60,830 | $365,900 | $1,441 |
| Hillside | 22,349 | $99,528 | $397,400 | $1,794 |
| Ampere North | 5,029 | $66,714 | $365,600 | $1,744 |
| Silver Lake | 3,917 | $82,469 | $448,300 | $1,448 |
More for people moving to Newark
Newark ZIP code ›Weather and climate ›Living in Newark: FAQ
What is the median household income in Newark, NJ?
The median household income in Newark is $52,060, 50% lower than the New Jersey median of $103,556 (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 $373,700, compared with $454,400 in New Jersey.
How much is rent in Newark?
The median gross rent in Newark is $1,392 per month, about 33.7% of household income.
Is Newark, NJ a good place to live?
Pluses: home values 18% lower than the state median. Minuses: median household income 50% lower than the New Jersey median; an average commute of 33 minutes; unemployment of 11.6%; a poverty rate of 23.4%.
What is the median age in Newark?
The median age in Newark is 34.7 years (New Jersey: 40.1).
How long is the commute in Newark?
The average commute to work in Newark is 33 minutes; 7.3% of workers work from home.
What is the unemployment rate in Newark?
The unemployment rate in Newark is 11.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Newark?
19.7% 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.
Last updated: