Everything You Need to Know About the City of Newark New Jersey

In 2018, Newark, New Jersey had a population of 282k people with a median age of 33.7 and a median household income of $37,642 dollars. Between 2017 and 2018 the population of Newark, NJ declined from 285,156 to 282,102, a -1.07 percent decrease, and its median household income grew from $35,167 dollars to $37,642 dollars, a 7.04 percent increase.

The population of Newark, NJ is 47 percent Black or African American Alone, 39.2 percent Hispanic or Latino, and 8.88 percent White Alone. N/A% of the people in Newark, NJ speak a non-English language, and 82.1 percent are U.S. citizens.

The largest universities in Newark, NJ are New Jersey Institute of Technology (2,951 degrees awarded in 2017), Rutgers University-Newark (2,946 degrees), and Essex County College (1,214 degrees).

The median property value in Newark, NJ is $251,800 dollars, and the homeownership rate is 21.9 percent. Most people in Newark, NJ commute by Drove Alone, and the average commute time is 33.1 minutes. The average car ownership in Newark, NJ is 1 car per household.


Education in Newark

In 2017, universities in Newark, NJ awarded 7,366 degrees. The student population of Newark, NJ is skewed towards men, with 18,426 male students and 15,375 female students.

Most students graduating from Universities in Newark, NJ are White (1,667 and 28.5 percent), followed by Hispanic or Latino (1,443 and 24.7 percent), Black or African American (1,278 and 21.8 percent), and Asian (1,014 and 17.3 percent).

The largest universities in Newark, NJ by the number of degrees awarded are New Jersey Institute of Technology (2,951 and 40.1 percent), Rutgers University-Newark (2,946 and 40 percent), and Essex County College (1,214 and 16.5 percent).

The most popular majors in Newark, NJ are General Business Administration & Management (797 and 10.8 percent), Accounting (444 and 6.03 percent), and General Computer & Information Sciences (441 and 5.99 percent).

The median tuition costs in Newark, NJ are $20,376 dollars for private four-year colleges, and $12,763 dollars and $28,243 dollars respectively, for public four-year colleges for in-state students and out-of-state students.


Economy in Newark

The economy of Newark, NJ employs 129k people and Newark has an unemployment rate of 7.1 percent. Newark has seen the job market decreased by -0.7 percent over the last year. Future job growth over the next ten years is predicted to be 18.1 percent, which is lower than the US average of 33.5 percent. The largest industries in Newark, NJ is Transportation & Warehousing (16,234 people), Health Care & Social Assistance (17,947 people), and Construction (14,592 people), and the highest paying industries are Information ($60,293 dollars), Public Administration ($56,548 dollars), and Finance & Insurance ($54,215 dollars).

Households in Newark, NJ have a median annual income of $37,642 dollars, which is less than the median annual income of $61,937 dollars across the entire United States. This is in comparison to a median income of $35,167 dollars in 2017, which represents a 7.04 percent annual growth.


Tax Rates for Newark

– The Sales Tax Rate for Newark is 6.6 percent.

– The Income Tax Rate for Newark is 5.5 percent.

– Tax Rates can have a big impact when Comparing the Cost of Living.


Income and Salaries for Newark

– The average earnings of a Newark resident is $16,828 dollars a year.

– The Median household earnings of a Newark resident is $34,012 dollars a year.