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Economy, jobs and prices in Newark, New Jersey: official figures

The median household income in Newark was $52,060 a year in the 2020-2024 American Community Survey (in 2024 dollars), 50th lowest of 823 US cities of 50,000 or more; the US median was $80,734 and the New Jersey median $103,556.

Median household income
$52,060
2020-2024
Unemployment rate (ACS)
11.6%
2020-2024
Mean travel time to work
32.6 min
2020-2024
Median gross rent (monthly)
$1,392
2020-2024
Median home value (owner-occupied)
$373,700
2020-2024
Homes occupied by their owners
24.4%
2020-2024
Households with a broadband subscription
86.4%
2020-2024

What is the per capita income in Newark?

Income per resident (per capita income) in Newark averaged $27,193 a year in 2020-2024, 48th lowest of 823 US cities of 50,000 or more (US: $44,673; New Jersey: $54,253).

Source: U.S. Census Bureau · saved copy

How unequal are incomes in Newark?

Newark's Gini index of household income inequality was 0.496 in 2020-2024 (0 means equal incomes, 1 maximum inequality), 112th most unequal of 823 US cities of 50,000 or more; the US figure was 0.483.

Source: U.S. Census Bureau · saved copy

What is the unemployment rate in Newark, New Jersey?

11.6% of the civilian labor force in Newark was unemployed on average over 2020-2024 (17,612 people), 10th highest of 823 US cities of 50,000 or more; the US rate in the same survey was 5.2% and New Jersey's 6.3%.

Source: U.S. Census Bureau · saved copy

What share of people in Newark are working?

63.0% of Newark's 241,913 residents aged 16 and over were in the labor force (working or looking for work) in 2020-2024, 244th lowest of 823 US cities of 50,000 or more (US: 63.5%).

Source: U.S. Census Bureau · saved copy

How many people in Newark have jobs?

134,733 residents of Newark held civilian jobs, 55.7% of those aged 16 and over (US: 59.7%), and 21 served in the armed forces.

Source: U.S. Census Bureau · saved copy

What are the main industries in Newark?

The largest industry group for working residents of Newark was education, health care and social assistance (21.4% of employed residents), followed by transport, warehousing and utilities (13.0%) and construction (12.3%), 2020-2024.

Source: U.S. Census Bureau · saved copy

How many people in Newark work in manufacturing?

Manufacturing employed 6.6% of working residents of Newark, 216th lowest of 823 US cities of 50,000 or more (US: 9.9%); professional, scientific and management services employed 12.1% (US: 12.6%).

Source: U.S. Census Bureau · saved copy

How long is the commute in Newark, New Jersey?

Commuters in Newark took 32.6 minutes on average to get to work in 2020-2024, 66th longest of 823 US cities of 50,000 or more (US: 26.4 minutes); 15.5% travelled an hour or more and 14.1% less than 15 minutes.

Source: U.S. Census Bureau · saved copy

How do people in Newark get to work?

7.3% of workers living in Newark worked from home in 2020-2024, 78th lowest of 823 US cities of 50,000 or more (US: 15.1%). 49.1% drove to work alone, 11.4% carpooled, 19.3% used public transport and 5.1% walked.

Source: U.S. Census Bureau · saved copy

What is the average rent in Newark, New Jersey?

The median gross rent (rent plus utilities) in Newark was $1,392 a month in 2020-2024, 311th lowest of 823 US cities of 50,000 or more (US: $1,413; New Jersey: $1,720).

Source: U.S. Census Bureau · saved copy

How much does a house cost in Newark?

Owner-occupied homes in Newark had a median value of $373,700 in 2020-2024 as estimated by their owners, 389th lowest of 823 US cities of 50,000 or more (US: $332,700; New Jersey: $454,400).

Source: U.S. Census Bureau · saved copy

How affordable are homes in Newark?

The median home value in Newark was 7.2 times the median household income, 115th highest of 823 US cities of 50,000 or more (US: 4.1 times).

Source: U.S. Census Bureau · saved copy

What share of people in Newark, New Jersey own their home?

24.4% of the 113,384 occupied homes in Newark were lived in by their owners in 2020-2024 and 85,720 were rented, 6th lowest of 823 US cities of 50,000 or more for home ownership (US: 65.2%; New Jersey: 63.8%).

Source: U.S. Census Bureau · saved copy

What share of homes in Newark have broadband?

86.4% of households in Newark had a broadband internet subscription of some type in 2020-2024, 55th lowest of 823 US cities of 50,000 or more (US: 91.0%; New Jersey: 92.8%).

Source: U.S. Census Bureau · saved copy

How many households in Newark have no internet?

10.8% of households in Newark (12,289) had no internet access at home in 2020-2024, 24th highest of 823 US cities of 50,000 or more (US: 6.5%); 17.9% relied on a cellular data plan alone (US: 11.5%).

Source: U.S. Census Bureau · saved copy

How Newark compares with other cities in the United States

Median household income (2024 dollars) (2020-2024)

Newark ranks 774 of 823, highest first.

RankCityMedian household income (2024 dollars)
771Kalamazoo$52,272
772Brownsville$52,130
773Joplin$52,097
774Newark$52,060
775Daytona Beach$52,058
776Waterbury$51,886
777Memphis$51,736
Source: U.S. Census Bureau · saved copy

Per capita income (2024 dollars) (2020-2024)

Newark ranks 776 of 823, highest first.

RankCityPer capita income (2024 dollars)
773Erie$27,339
774Springfield$27,337
775Harrisburg$27,330
776Newark$27,193
777San Jacinto$27,157
778Springfield$27,034
779Lauderhill$27,022
Source: U.S. Census Bureau · saved copy

Gini index of household income inequality (2020-2024)

Newark ranks 112 of 823, highest first.

RankCityGini index of household income inequality
109Santa Barbara0.498
110Syracuse0.497
111St. Petersburg0.496
112Newark0.496
113Midland0.496
114Cambridge0.496
115Columbia0.495
Source: U.S. Census Bureau · saved copy

Unemployment rate (share of civilian labor force) (2020-2024)

Newark ranks 10 of 823, highest first.

RankCityUnemployment rate (share of civilian labor force)
7Madera12.6%
8Passaic12.5%
9Youngstown11.9%
10Newark11.6%
11Harrisburg11.4%
12Merced11.3%
13Albany11.2%
Source: U.S. Census Bureau · saved copy

Labor force participation rate (16 and over) (2020-2024)

Newark ranks 580 of 823, highest first.

RankCityLabor force participation rate (16 and over)
577Livonia63.0%
578Lafayette63.0%
579Fresno63.0%
580Newark63.0%
581Council Bluffs63.0%
582West Covina63.0%
583Johnson City62.9%
Source: U.S. Census Bureau · saved copy

Mean travel time to work (minutes) (2020-2024)

Newark ranks 66 of 823, highest first.

RankCityMean travel time to work (minutes)
63Chicago33.1
64West Covina32.9
65Pearland32.7
66Newark32.6
67Yucaipa32.6
68Concord32.6
69South Fulton32.5
Source: U.S. Census Bureau · saved copy

Workers who worked from home (2020-2024)

Newark ranks 746 of 823, highest first.

RankCityWorkers who worked from home
743Gulfport7.3%
744Hempstead7.3%
745Paramount7.3%
746Newark7.3%
747Springfield7.2%
748Racine7.2%
749Youngstown7.2%
Source: U.S. Census Bureau · saved copy

Workers commuting by public transportation (2020-2024)

Newark ranks 13 of 823, highest first.

RankCityWorkers commuting by public transportation
10East Orange20.3%
11Washington20.3%
12Bayonne19.9%
13Newark19.3%
14Somerville19.3%
15Hempstead19.2%
16Malden18.8%
Source: U.S. Census Bureau · saved copy

Employed residents working in manufacturing (2020-2024)

Newark ranks 608 of 823, highest first.

RankCityEmployed residents working in manufacturing
605Sammamish6.6%
606Mesquite6.6%
607Highland6.6%
608Newark6.6%
609Monterey Park6.6%
610Brownsville6.6%
611Lakewood6.6%
Source: U.S. Census Bureau · saved copy

Employed residents in education, health care and social assistance (2020-2024)

Newark ranks 553 of 823, highest first.

RankCityEmployed residents in education, health care and social assistance
550Longview21.4%
551Fountain Valley21.4%
552Independence21.4%
553Newark21.4%
554Sioux City21.4%
555Melbourne21.4%
556Corona21.3%
Source: U.S. Census Bureau · saved copy

Median gross rent per month (2020-2024)

Newark ranks 513 of 823, highest first.

RankCityMedian gross rent per month
510Gallatin$1,395
511Conroe$1,393
512Merced$1,393
513Newark$1,392
514Corvallis$1,391
515Noblesville$1,389
516Greeley$1,388
Source: U.S. Census Bureau · saved copy

Median value of owner-occupied homes (2020-2024)

Newark ranks 435 of 823, highest first.

RankCityMedian value of owner-occupied homes
432Pasco$376,300
433Fresno$374,800
434Worcester$374,400
435Newark$373,700
436Cape Coral$373,500
437Madison$372,900
438Merced$372,600
Source: U.S. Census Bureau · saved copy

Median home value as a multiple of median household income (2020-2024)

Newark ranks 112 of 820, highest first.

RankCityMedian home value as a multiple of median household income
109Shoreline7.2x
110Salt Lake City7.2x
111Redmond7.2x
112Newark7.2x
113Everett7.2x
114Chapel Hill7.1x
115Scottsdale7.1x
Source: U.S. Census Bureau · saved copy

Occupied homes lived in by their owners (2020-2024)

Newark ranks 818 of 823, highest first.

RankCityOccupied homes lived in by their owners
815Paterson26.9%
816Hartford25.7%
817Elizabeth25.6%
818Newark24.4%
819Huntington Park24.2%
820Passaic23.8%
821West New York23.0%
Source: U.S. Census Bureau · saved copy

Households with a broadband subscription (2020-2024)

Newark ranks 769 of 823, highest first.

RankCityHouseholds with a broadband subscription
766Hialeah86.5%
767Allentown86.5%
768Reading86.5%
769Newark86.4%
770Camden86.4%
771Rochester86.4%
772Fall River86.4%
Source: U.S. Census Bureau · saved copy

Households with no internet access (2020-2024)

Newark ranks 24 of 823, highest first.

RankCityHouseholds with no internet access
21Fall River11.1%
22Pontiac11.0%
23Detroit10.9%
24Newark10.8%
25Terre Haute10.8%
26Canton10.8%
27Roanoke10.8%
Source: U.S. Census Bureau · saved copy

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