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Newark, NJ 07107 has a population of approximately 37,797 and experiences a population change rate of 5.00%. The population density is 22,962.9 / sq mi .
The median household income for Newark, NJ 07107 is $39,375, with 14,693 households and an average household size of 2.85.
The median value of a home in Newark, NJ 07107 is $415,200 with an appreciation rate of 9.70%. 24.50% of housing in the state is owned while 67.96% is rented.
The cost of living in Newark, NJ 07107 is 127.1 %.
The unemployment rate in Newark, NJ 07107 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 07107 is 6.63%, while the income tax rate is 5.53% .
School expenditures in Newark, NJ 07107 are $26,449, and the school ratio is 13.6:1.
The average high temperature in July is 85.9 degrees, with an average low temperature in January of 22.4 degrees. The average rainfall is approximately 47.1 inches per year, with 26.3 inches of snow per year.
