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Illinois · Census place 52103

Newark village, IL

Quick answer

Newark village has 1,152 residents, ranking #656 of 1462 places in Illinois. Median household income is $129,688, the median home is worth $234,800 and median gross rent runs $1,018 a month.

Population
1,152Newark village residents
Median household income
$129,688Past 12 months, inflation adjusted
Median home value
$234,800Owner-occupied units
Median gross rent
$1,018Rent plus utilities, monthly
Median age
45.1 yrsAll residents
Homeownership rate
86.6%Owner-occupied households

What the numbers mean in Newark village

Housing cost measured against local earnings.

A household earning the Newark village median would spend about 9.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 7.3% of residents and 86.6% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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