Wealth Index
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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B
Income Statistics Overview
| Metric | Newark | New Jersey Avg | US Average |
|---|---|---|---|
| Median Household Income | $48,408 | $101,200 | $78,145 |
| Median Personal Income | $48,408 | $101,200 | $78,145 |
| Average income growth | 5.5% | 5.5% | 5.5% |
Household Income Trend
Median Household Income Over Time
Newark
United States
Economic Inequality in Newark | Gender Pay Gap | Gini Index
| Metric | Newark | New Jersey Avg | US Average |
|---|---|---|---|
| Gini Index | 0.601 | 0.570 | 0.570 |
| Male Median Income | $48,610 | $85,325 | $67,746 |
| Female Median Income | $42,779 | $68,761 | $54,793 |
| Gender Pay Gap | 12.0% | 19.4% | 19.1% |
Income by Sex Over Time
Male
Female
Employment
| Metric | Newark | New Jersey Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 10.9% | 6.1% | 5.2% |
| Working from Home | 6.1% | 15.0% | 13.4% |
| Commute time (minutes) | 30 | 26 | 22 |
Unemployment Rate Over Time
Newark
United States