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ZipNumbers

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

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