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Newark has a population of approximately 306,247 and experiences a population change rate of 11.95%. The population density is 12,684.2 / sq mi .
The median household income for Newark is $41,335, with 109,737 households and an average household size of 2.66.
The median value of a home in Newark is $385,700 with an appreciation rate of 9.70%. 21.10% of housing in the state is owned while 69.80% is rented.
The cost of living in Newark is 127.2 %.
The unemployment rate in Newark is 5.00%, and recent job growth is at 2.82%. Future job growth is projected at 43.60%.
The sales tax rate in Newark is 6.63%, while the income tax rate is 5.53% .
School expenditures in Newark are $26,449, and the school ratio is 13.6:1.
The average high temperature in July is 86 degrees, with an average low temperature in January of 22.7 degrees. The average rainfall is approximately 47.5 inches per year, with 26.1 inches of snow per year.
