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Page2of2Newark has a population of approximately 49,703 and experiences a population change rate of 7.40%. The population density is 2,386.1 / sq mi .
The median household income for Newark is $52,570, with 19,800 households and an average household size of 2.45.
The median value of a home in Newark is $198,800 with an appreciation rate of 19.80%. 49.36% of housing in the state is owned while 39.95% is rented.
The cost of living in Newark is 83.9 %.
The unemployment rate in Newark is 2.90%, and recent job growth is at 1.52%. Future job growth is projected at 40.07%.
The sales tax rate in Newark is 7.25%, while the income tax rate is 3.23% .
School expenditures in Newark are $15,287, and the school ratio is 18.4:1.
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 18.5 degrees. The average rainfall is approximately 41.5 inches per year, with 19.9 inches of snow per year.
