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2024 Compare Cities Economy:
Newark, NJ vs Prior Lake, MN

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Highlights
- Household income in Prior Lake, is 180% more than it is in Newark and is 40% above the National Average.
- Newark unemployment rate is 13.0%.
- Prior Lake unemployment rate is 3.8%.

Economy
 Newark, NJPrior Lake, MNUnited States
 Unemployment Rate13.0%3.8%6.0%
 Recent Job Growth-0.7%1.8%1.6%
 Future Job Growth18.1%39.9%33.5%
 Sales Taxes6.6%7.4%6.2%
 Income Taxes5.5%7.1%4.6%
 Income per Cap.$22,194$56,789$37,638
 Household Income$41,335$115,837$69,021
 Family Median Income$48,589$130,528$85,028
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 Est. Households By Income
 Newark, NJPrior Lake, MNUnited States
 Income Less Than 15K21.2%2.6%9.4%
 Income between 15K and 20K6.2%0.9%3.8%
 Income between 20K and 30K12.0%3.8%8.1%
 Income between 30K and 40K9.5%2.9%8.0%
 Income between 40K and 50K8.8%5.2%7.6%
 Income between 50K and 60K7.8%6.9%7.2%
 Income between 60K and 75K9.1%9.4%9.6%
 Income between 75K and 100K9.7%11.4%12.8%
 Income between 100K and 150K9.6%21.7%16.3%
 Income between 150K and 200K3.5%12.1%7.8%
 Income greater than 200K2.7%23.2%9.5%
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 Population By Occupation
 Newark, NJPrior Lake, MNUnited States
 Management, business, finance8.8%20.6%16.4%
 Engineering, computers, science2.8%10.1%6.5%
 Community, social services2.3%0.8%1.8%
 Legal0.5%0.8%1.2%
 Education, library4.8%5.2%6.2%
 Arts, design, media, sports, entertainment1.2%2.7%2.0%
 Healthcare practitioners and technology3.0%7.5%6.2%
 Healthcare support6.0%1.7%3.3%
 Firefighters, law enforcement4.3%1.0%2.1%
 Food preparation, serving5.1%3.3%5.4%
 Building maintenance6.7%2.5%3.6%
 Personal care2.9%3.6%2.6%
 Sales, office, administrative support19.9%23.6%20.9%
 Farming, fishing, forestry0.2%0.1%0.6%
 Construction, extraction, maintenance/repair12.3%6.8%8.1%
 Production, transportation, material moving19.2%9.7%13.1%

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Reviews for Newark    26 Reviews

Over 3 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 11 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 Prior Lake    3 Reviews

Over 12 years ago

Prior Lake is an amazing place to raise a family and to live. The city puts a lot of money into community events that are almost always free or of low cost. From the  More

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Over 14 years ago

A beautiful, quiet, friendly community built around a lovely good sized lake. Prior Lake is only a short drive away from many fun and exciting cultural, sporting,  More

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We actually live in Credit River Township, but our mailing address is Prior Lake. Our real estate taxes help pay for the schools in Prior Lake, but, in Credit River  More

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ZIPS IN NEWARK, NEW JERSEY
07105 07104 07107 07106 07103 07112 07108 07114 07102
ZIPS IN PRIOR LAKE, MINNESOTA
55372

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