Newark has a population of 307,355 with a median age of 34.7. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 307,355 |
| Median Age | 34.7 |
| White | 19.6% |
| Black or African American | 47.0% |
| Asian | 2.0% |
| Hispanic or Latino | 37.2% |
The median household income in Newark is $46,460, which is 38.2% below the national median of $75,149. The per capita income is $24,716. The poverty rate is 24.4%.
The unemployment rate in Newark is 10.7%, compared to the national rate of 5.4%.
In Newark, 77.7% of residents age 25+ have a high school diploma or higher, and 17.0% hold a bachelor's degree or higher (5.1% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 77.7% |
| Bachelor's Degree or Higher | 17.0% |
| Graduate or Professional Degree | 5.1% |
The median home value in Newark is $312,300, above the national median of $281,900. The median monthly rent is $1,273. The homeownership rate is 23.9%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $312,300 |
| Median Monthly Rent | $1,273 |
| Homeownership Rate | 23.9% |
| Vacancy Rate | 7.5% |
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