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Page5of5Newark has a population of approximately 31,393 and experiences a population change rate of 9.97%. The population density is 3,416 / sq mi .
The median household income for Newark is $61,646, with 9,546 households and an average household size of 2.53.
The median value of a home in Newark is $325,700 with an appreciation rate of 14.00%. 45.59% of housing in the state is owned while 43.06% is rented.
The cost of living in Newark is 111.5 %.
The unemployment rate in Newark is 3.20%, and recent job growth is at 2.29%. Future job growth is projected at 40.06%.
The sales tax rate in Newark is 0.00%, while the income tax rate is 6.60% .
School expenditures in Newark are $19,973, and the school ratio is 14.1:1.
The average high temperature in July is 86.9 degrees, with an average low temperature in January of 23.9 degrees. The average rainfall is approximately 45.1 inches per year, with 12.8 inches of snow per year.
