Home / Select Cities  /  2024 Comparing Newark, NJ vs. Richmond, VA

2024 Compare Cities Economy:
Newark, NJ vs Richmond, VA

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Highlights
- Household income in Richmond, is 33% more than it is in Newark and is 26% below the National Average.
- Newark unemployment rate is 13.0%.
- Richmond unemployment rate is 7.1%.

Economy
 Newark, NJRichmond, VAUnited States
 Unemployment Rate13.0%7.1%6.0%
 Recent Job Growth-0.7%1.8%1.6%
 Future Job Growth18.1%37.1%33.5%
 Sales Taxes6.6%5.3%6.2%
 Income Taxes5.5%5.8%4.6%
 Income per Cap.$22,194$38,132$37,638
 Household Income$41,335$54,795$69,021
 Family Median Income$48,589$72,604$85,028
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 Est. Households By Income
 Newark, NJRichmond, VAUnited States
 Income Less Than 15K21.2%14.1%9.4%
 Income between 15K and 20K6.2%5.4%3.8%
 Income between 20K and 30K12.0%9.1%8.1%
 Income between 30K and 40K9.5%9.6%8.0%
 Income between 40K and 50K8.8%8.6%7.6%
 Income between 50K and 60K7.8%8.1%7.2%
 Income between 60K and 75K9.1%9.3%9.6%
 Income between 75K and 100K9.7%11.3%12.8%
 Income between 100K and 150K9.6%11.7%16.3%
 Income between 150K and 200K3.5%5.2%7.8%
 Income greater than 200K2.7%7.5%9.5%
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 Population By Occupation
 Newark, NJRichmond, VAUnited States
 Management, business, finance8.8%16.7%16.4%
 Engineering, computers, science2.8%7.1%6.5%
 Community, social services2.3%2.7%1.8%
 Legal0.5%1.9%1.2%
 Education, library4.8%6.9%6.2%
 Arts, design, media, sports, entertainment1.2%3.2%2.0%
 Healthcare practitioners and technology3.0%6.1%6.2%
 Healthcare support6.0%3.2%3.3%
 Firefighters, law enforcement4.3%2.7%2.1%
 Food preparation, serving5.1%6.9%5.4%
 Building maintenance6.7%4.0%3.6%
 Personal care2.9%3.1%2.6%
 Sales, office, administrative support19.9%19.1%20.9%
 Farming, fishing, forestry0.2%0.2%0.6%
 Construction, extraction, maintenance/repair12.3%6.0%8.1%
 Production, transportation, material moving19.2%10.2%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 Richmond    109 Reviews

Over 2 years ago

Lived here for a year and it’s not perfect but it’s constantly improving now (areas redevloped, more businesses, job growth). Cost of living is great compared to  More

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Over 3 years ago

We love Richmond so much that when we talk about where we'd like to live if we could live anywhere in the US, we always come back to RVA. We live in the city proper  More

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Over 3 years ago

I'm an out-of-towner but am coming up on 1 year in Richmond. I would summarize it this way: the best thing and the worst thing about Richmond is its location. I'll  More

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ZIPS IN NEWARK, NEW JERSEY
07105 07104 07107 07106 07103 07112 07108 07114 07102
ZIPS IN RICHMOND, VIRGINIA
23223, 23225, 23224, 23220, 23227, 23222, 23226, 23221, 23230, 23219, 11 total

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