2025 Compare Cities Economy:
Newark, NJ vs Homestead, FL

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Highlights
- Household income in Homestead, is 27% more than it is in Newark and is 32% below the National Average.
- Newark unemployment rate is 13.0%.
- Homestead unemployment rate is 8.7%.
 Newark, NJHomestead, FLUnited States
 Unemployment Rate  Unlock8.7%6.0%
 Recent Job Growth  Unlock0.8%1.6%
 Future Job Growth18.1%  Unlock33.5%
 Sales Taxes6.6%  Unlock6.2%
 Income Taxes  Unlock0.0%4.6%
 Income per Cap.$22,194  Unlock$37,638
 Household Income  Unlock$52,334$69,021
 Family Median Income$48,589  Unlock$85,028
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 Est. Households By Income
 Newark, NJHomestead, FLUnited States
 Income Less Than 15K  Unlock13.1%9.4%
 Income between 15K and 20K6.2%  Unlock3.8%
 Income between 20K and 30K  Unlock9.7%8.1%
 Income between 30K and 40K9.5%  Unlock8.0%
 Income between 40K and 50K  Unlock9.7%7.6%
 Income between 50K and 60K7.8%  Unlock7.2%
 Income between 60K and 75K  Unlock9.4%9.6%
 Income between 75K and 100K9.7%  Unlock12.8%
 Income between 100K and 150K  Unlock12.1%16.3%
 Income between 150K and 200K3.5%  Unlock7.8%
 Income greater than 200K  Unlock2.5%9.5%
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 Population By Occupation
 Newark, NJHomestead, FLUnited States
 Management, business, finance8.8%  Unlock16.4%
 Engineering, computers, science  Unlock2.0%6.5%
 Community, social services2.3%  Unlock1.8%
 Legal  Unlock0.1%1.2%
 Education, library4.8%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock0.9%2.0%
 Healthcare practitioners and technology3.0%  Unlock6.2%
 Healthcare support  Unlock2.6%3.3%
 Firefighters, law enforcement4.3%  Unlock2.1%
 Food preparation, serving  Unlock5.4%5.4%
 Building maintenance6.7%  Unlock3.6%
 Personal care  Unlock2.9%2.6%
 Sales, office, administrative support19.9%  Unlock20.9%
 Farming, fishing, forestry  Unlock6.0%0.6%
 Construction, extraction, maintenance/repair12.3%  Unlock8.1%
 Production, transportation, material moving  Unlock9.1%13.1%
Reviews for Newark    26 Reviews

Over 4 years ago

Newark is straight garbage.  More

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Newark's Ironbound is extremely dangerous, there is a lot of crime, the police are just good at hiding it. It usually doesn't happen on Ferry St., but does 1/2 block  More

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Over 12 years ago

I have worked and lived in Newark for 20 years. I raised 3 children. Two of my children went on to college, graudated with Accountant Degree and the other one in  More

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Reviews for Homestead    20 Reviews

I've lived in Homestead for about 12 years, and I can't wait to leave. It's a city full of poor people who can't afford to live in Miami by any stretch of the  More

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Over 7 years ago

It stinks with smelty Smokey air most evenings right in the heart of town. ATC’s run rampant. Police do nothing. Code enforcement is a laughable joke in most cases. You  More

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Over 7 years ago

My family has lived in Homestead for 4 years. Whatever you do make sure the area you rent/purchase is not within the limits of City of Homestead. Our electric bill is 4  More

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