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Newark, NJ 07106 has a population of approximately 33,140 and experiences a population change rate of -2.44%. The population density is 23,338 / sq mi .
The median household income for Newark, NJ 07106 is $43,288, with 12,625 households and an average household size of 2.83.
The median value of a home in Newark, NJ 07106 is $365,200 with an appreciation rate of 9.70%. 28.87% of housing in the state is owned while 59.45% is rented.
The cost of living in Newark, NJ 07106 is 120.7 %.
The unemployment rate in Newark, NJ 07106 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 07106 is 6.63%, while the income tax rate is 5.53% .
School expenditures in Newark, NJ 07106 are $26,449, and the school ratio is 13.6:1.
The average high temperature in July is 85.8 degrees, with an average low temperature in January of 20.8 degrees. The average rainfall is approximately 49.6 inches per year, with 24.8 inches of snow per year.
