New Jersey · Census place 51000
Newark city, NJ
Quick answer
Newark city has 307,188 residents, ranking #1 of 700 places in New Jersey. Median household income is $48,416, the median home is worth $337,800 and median gross rent runs $1,330 a month.
- Population
- 307,188Newark city residents
- Median household income
- $48,416Past 12 months, inflation adjusted
- Median home value
- $337,800Owner-occupied units
- Median gross rent
- $1,330Rent plus utilities, monthly
- Median age
- 34.8 yrsAll residents
- Homeownership rate
- 24.1%Owner-occupied households
What the numbers mean in Newark city
Housing cost measured against local earnings.
A household earning the Newark city median would spend about 33% 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 7.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 24.7% of residents and 24.1% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in New Jersey.
- Jersey City city 289,691
- Paterson city 157,660
- Elizabeth city 135,887
- Toms River CDP 93,915
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