Newark, New Jersey 

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New York Gifts

Economy in Newark, New Jersey

Newark has an unemployment rate of 13.0%. The US average is 6.0%.

Newark has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 18.1%, which is lower than the US average of 33.5%.

Tax Rates for Newark
- The Sales Tax Rate for Newark is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Newark is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Newark
- The average income of a Newark resident is $16,828 a year. The US average is $28,555 a year.
- The Median household income of a Newark resident is $34,012 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYNewark, New JerseyUnited States
  13.0%6.0%
  -7.3%-6.2%
  18.1%33.5%
  6.6%6.2%
  5.5%4.6%
  $18,357$31,177
  $34,826$57,652
  $39,654$70,850
  POPULATION BY OCCUPATION
  0.1%1.3%
  0.0%0.6%
  9.4%6.2%
  7.6%10.4%
  2.1%2.7%
  11.7%11.6%
  9.4%4.1%
  0.3%0.9%
  1.6%2.1%
  2.9%4.7%
  1.8%1.9%
  3.0%6.7%
  0.0%0.1%
  6.9%4.3%
  6.8%9.3%
  15.6%13.8%
  1.9%2.2%
  7.9%7.4%
  6.6%4.9%
  4.3%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 6%)
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    Reviews for Newark    26 Reviews
    Horrible city - 5/27/2021
    Newark is straight garbage.... Read More

    Start Your Review of Newark


    Ironbound is crime ridden and police and politican - 8/8/2015
    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... Read More

    Crime - 4/12/2013
    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... Read More


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    COMPARE COST OF LIVING
    Compare Newark, New Jersey to any other place in the USA.


    MAPS OF NEWARK, NEW JERSEY
    Check out the latest Maps in a variety of categories including cost of living, population, and commute time.Newark,New Jersey Map
    ZIP CODES IN NEWARK, NEW JERSEY
    07105 07104 07107 07106 07103 07112 07108 07114 07102


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