Newark, NJ Profile: Facts & Data

The City of Newark is the 2nd largest city in New Jersey with a population of 311,817 as of July 1, 2024. Newark ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in New Jersey. See peer rankings below.

The primary coordinate point for Newark is located at latitude 40.7357 and longitude -74.1724 in Essex County. The formal boundaries for the City of Newark encompass a land area of 24.19 sq. miles and a water area of 1.92 sq. miles. Essex County is in the Eastern time zone (GMT -5).

The City of Newark has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Newark, NJ Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	311,817 (100%)
Population in Households	295,696 (94.8%)
Population in Families	237,298 (76.1%)
Population in Group Quarters¹	16,121 ( 5.2%)
Population Density	12,915
Diversity Index²	83


INCOME
Median Household Income	$47,407
Average Household Income	$69,319
% of Income for Mortgage⁴	50%
Per Capita Income	$24,767
Wealth Index⁵	38
Socioeconomic Status Index⁶	Low (34.9)

HOUSING
Total HU (Housing Units)	120,245 (100%)
Owner Occupied HU	23,551 (19.6%)
Renter Occupied HU	87,345 (72.6%)
Vacant Housing Units	9,349 ( 7.8%)
Median Home Value	$378,886
Average Home Value	$465,227
Housing Affordability Index³	41

HOUSEHOLDS
Total Households	110,896
Average Household Size	2.67
Family Households	68,748
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Newark, NJ - Peer Comparisons by Rank and Percentile

The table below compares Newark to the other 700 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.02%	0.16%
Households	0.45%	0.67%
Families		0.52%
Median Household Income		2.91%
Per Capita Income		4.38%
Owner Occupied HU		2.05%

Variable Description	Rank	Percentile
Total Population	# 2	100th
Population Density	# 24	97th
Median Household Income	# 682	3rd
Housing Affordability Index	# 55	8th
Per Capita Income	# 678	3rd
Diversity Index	# 63	91st

Newark, NJ Profile: Facts & Data

Newark, New Jersey - Basic Facts

Newark, NJ Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Newark, NJ - Peer Comparisons by Rank and Percentile

Newark, NJ - Most Popular Things to Do

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