Newark has a population of 30,655 with a median age of 22.6. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 30,655 |
| Median Age | 22.6 |
| White | 70.3% |
| Black or African American | 9.8% |
| Asian | 7.5% |
| Hispanic or Latino | 10.6% |
| Other / Two or More Races | 1.8% |
The median household income in Newark is $67,738, which is 9.9% below the national median of $75,149. The per capita income is $32,240. The poverty rate is 24.4%.
The unemployment rate in Newark is 7.0%, compared to the national rate of 5.4%.
In Newark, 97.2% of residents age 25+ have a high school diploma or higher, and 55.9% hold a bachelor's degree or higher (27.4% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 97.2% |
| Bachelor's Degree or Higher | 55.9% |
| Graduate or Professional Degree | 27.4% |
The median home value in Newark is $334,400, above the national median of $281,900. The median monthly rent is $1,482. The homeownership rate is 52.1%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $334,400 |
| Median Monthly Rent | $1,482 |
| Homeownership Rate | 52.1% |
| Vacancy Rate | 13.0% |
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