Zip 19716 (Newark, DE) Economy


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The city of Newark, Delaware is an ideal place to live for those looking for a reasonable cost of living. The two bedroom rent in this area is $1,440 which is slightly higher than the national rate at $1,430. In addition, the Grocery Cost Index in Newark is 104 versus 100 in the US. This makes local groceries more expensive but still affordable compared to other cities with higher cost indexes.
Newark provides plenty of job and business opportunities as it is home to several well established companies such as Christiana Care Health System, which is one of the largest employers in the state; Bank of America; JP Morgan Chase; and DuPont. Additionally, there are many restaurants and cafes located throughout the city that offers various options for residents and visitors alike.

Income by Population Percent

  EconomyNewark, DelawareUnited States
  5.66
  -5.0%-6.2%
  30.4%33.5%
  0.0%6.2%
  5.6%4.6%
Income per Cap. 37638
Health