In 2017, Newark, Delaware had a population of 33.2k people with a median age of 23.9 and a median household income of $54,590. Between 2016 and 2017 the population of Newark, DE grew from 32,941 to 33,243, a 0.917% increase and its median household income declined from $55,256 to $54,590, a -1.21% decrease.
The population of Newark, DE is 72% White Alone, 9.28% Black or African American Alone, and 9% Asian Alone. N/A% of the people in Newark, DE speak a non-English language, and 92% are U.S. citizens.
The largest universities in Newark, DE are the University of Delaware (6,050 degrees awarded in 2017), Schilling-Douglas School of Hair Design LLC (72 degrees), and Hair Academy School of Barbering & Beauty (12 degrees).
The median property value in Newark, DE is $274,100, and the homeownership rate is 52.9%. Most people in Newark, DE commute by Drove Alone, and the average commute time is 21.5 minutes. The average car ownership in Newark, DE is 2 cars per household.
In 2017, universities in Newark, DE awarded 6,134 degrees. The student population of Newark, DE is skewed towards women, with 10,434 male students and 13,506 female students.
Most students graduating from Universities in Newark, DE are White (4,185 and 76%), followed by Hispanic or Latino (407 and 7.39%), Black or African American (361 and 6.55%), and Asian (305 and 5.54%).
The largest universities in Newark, DE by the number of degrees awarded are University of Delaware (6,050 and 98.6%), Schilling-Douglas School of Hair Design LLC (72 and 1.17%), and Hair Academy School of Barbering & Beauty (12 and 0.196%).
The most popular majors in Newark, DE are General Finance (288 and 4.7%), General Studies (277 and 4.52%), and General Business Administration & Management (224 and 3.65%).
The median tuition costs in Newark, DE are $N/A for private four-year colleges, and $11,870 and $31,860 respectively, for public four-year colleges for in-state students and out-of-state students.
The economy of Newark, DE employs 14.9k people. The largest industries in Newark, DE are Educational Services (3,861 people), Accommodation & Food Services (1,863 people), and Retail Trade (1,684 people), and the highest paying industries are Utilities ($103,846), Professional, Scientific, & Technical Services ($68,681), and Manufacturing ($67,859).
Households in Newark, DE have a median annual income of $54,590, which is less than the median annual income of $61,937 across the entire United States. This is in comparison to a median income of $55,256 in 2016, which represents a -1.21% annual growth.
Tax Rates for Newark
– The Sales Tax Rate for Newark is 0.0%. The US average is 7.3%.
– The Income Tax Rate for Newark is 6.6%. The US average is 4.6%.
– Tax Rates can have a big impact when Comparing the Cost of Living.
Income and Salaries for Newark
– The average income of a Newark resident is $23,675 a year.
– The Median household income of a Newark resident is $53,125 a year.