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Page2of2Newark, NJ 07103 has a population of approximately 32,610 and experiences a population change rate of 3.67%. The population density is 15,331.5 / sq mi .
The median household income for Newark, NJ 07103 is $35,043, with 12,484 households and an average household size of 2.6.
The median value of a home in Newark, NJ 07103 is $313,000 with an appreciation rate of 9.70%. 20.03% of housing in the state is owned while 69.14% is rented.
The cost of living in Newark, NJ 07103 is 121.3 %.
The unemployment rate in Newark, NJ 07103 is 3.80%, and recent job growth is at 2.82%. Future job growth is projected at 45.40%.
The sales tax rate in Newark, NJ 07103 is 6.63%, while the income tax rate is 5.53% .
School expenditures in Newark, NJ 07103 are $26,449, and the school ratio is 13.6:1.
The average high temperature in July is 86.2 degrees, with an average low temperature in January of 22 degrees. The average rainfall is approximately 47.1 inches per year, with 26.3 inches of snow per year.
