Last updated: 2024 BLS data · Page refreshed:
Newark has a population of 30,330 with a median age of 22.1. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 30,330 |
| Median Age | 22.1 |
| White | 68.3% |
| Black or African American | 10.0% |
| Asian | 8.9% |
| Hispanic or Latino | 10.3% |
| Other / Two or More Races | 2.5% |
The median household income in Newark is $76,912, which is 4.6% below the national median of $80,610. The per capita income is $35,264. The poverty rate is 27.7%.
The unemployment rate in Newark is 4.1%, compared to the national rate of 4.1%.
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In Newark, 97.1% of residents age 25+ have a high school diploma or higher, and 58.2% hold a bachelor's degree or higher (27.8% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 97.1% |
| Bachelor's Degree or Higher | 58.2% |
| Graduate or Professional Degree | 27.8% |
The median home value in Newark is $382,500, above the national median of $303,400. The median monthly rent is $1,654. The homeownership rate is 50.7%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $382,500 |
| Median Monthly Rent | $1,654 |
| Homeownership Rate | 50.7% |
| Vacancy Rate | 13.4% |
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