New Jersey city profile
What it costs to live in Newark, and how it compares with other New Jersey cities, in plain numbers.
Value score
8
77th best value in New Jersey
How much you get for what you pay, versus other New Jersey cities.
Overall livability
17
76th overall in New Jersey
Cost, safety, schools, jobs and quality of life combined.
Newark is home to about 306,247 people. A typical home runs $271,700 and a household earns around $41,300, a price-to-income ratio of 6.6. Among New Jersey's largest cities, it ranks 77th for value and 76th overall. For context, the typical Newark home is about 48% below the statewide median of $521,000 and local household income is about 61% below the statewide median of $106,000.
Median home price
$271,700
73rd in NJ of 78
Median rent
$1,167/mo
Median household income
$41,300
Home price to income
6.6x
Unemployment
11.2%
72nd in NJ of 78
School rating
2/10
74th in NJ of 78
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More New Jersey cities: Bayonne, Camden, Clifton, Elizabeth, Jersey City, Passaic, Paterson, Toms River, Trenton