Last updated: 2024 BLS data · Page refreshed:
Newark has a population of 50,783 with a median age of 38.8. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 50,783 |
| Median Age | 38.8 |
| White | 87.2% |
| Black or African American | 3.1% |
| Asian | 1.0% |
| Hispanic or Latino | 3.0% |
| Other / Two or More Races | 5.7% |
The median household income in Newark is $61,670, which is 23.5% below the national median of $80,610. The per capita income is $32,847. The poverty rate is 17.1%.
The unemployment rate in Newark is 4.3%, compared to the national rate of 4.1%.
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In Newark, 90.9% of residents age 25+ have a high school diploma or higher, and 23.0% hold a bachelor's degree or higher (6.7% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 90.9% |
| Bachelor's Degree or Higher | 23.0% |
| Graduate or Professional Degree | 6.7% |
The median home value in Newark is $192,300, below the national median of $303,400. The median monthly rent is $973. The homeownership rate is 55.8%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $192,300 |
| Median Monthly Rent | $973 |
| Homeownership Rate | 55.8% |
| Vacancy Rate | 6.8% |
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