Newark, New Jersey Income Statistics
Newark Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
F
Newark Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Newark | New Jersey Avg | US Average |
|---|---|---|---|
| Median Household Income | $52,688 | $103,817 | $80,455 |
| Median Personal Income | $45,806 | $76,200 | $60,758 |
| Average Yearly Income Growth | 5.9% | 4.4% | 4.8% |
| Six-Figure Earners | 6.1% | 19.9% | 13.9% |
| $200k+ Households | 5.0% | 21.6% | 13.2% |
The median household income in Newark is about 49% lower than in New Jersey. Income has been growing faster in Newark (5.9%/yr) than in New Jersey (4.4%/yr).
About 6% of adults in Newark earn six figures ($100,000 or more) a year, lower than the New Jersey average of 20%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Newark, New Jersey grew by 48.1% from 2009 to 2024, reaching $52,688 in 2024. That's an average of about 5.9% per year.
Income Inequality and the Gender Pay Gap in Newark
| Metric | Newark | New Jersey Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.593 | 0.544 | 0.552 |
| Male Median Income | $50,156 | $87,197 | $69,667 |
| Female Median Income | $46,035 | $70,502 | $56,850 |
| Gender Pay Gap | 8.2% | 19.1% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Newark, it is 0.593, higher than New Jersey's 0.544, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 9% more than women's income in Newark, New Jersey. Over a 35-year career, a 9% wage gap accumulates to roughly $144,235 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Newark, New Jersey has widened from about 4% to 8% in 2024. Over that period the gap was widest at 16% in 2020, and was narrowest at 2% in 2010. In dollar terms, the gap has widened by $2,717 since 2009.
Sharply against the trend: the pay gap in Newark widened by 4.2 points while New Jersey's narrowed by 4.5 points.
Employment
| Metric | Newark | New Jersey Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 11.6% | 6.3% | 5.2% |
| Working from Home | 7.3% | 16.8% | 15.0% |
| Commute time (minutes) | 30 | 26 | 22 |
Approximately 17,597 people are unemployed in Newark, New Jersey.
The average commute time in Newark is 30 minutes, longer than the 26 minutes in New Jersey.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Newark, New Jersey has fallen from 15.7% to 11.6% in 2024. Over that period the rate peaked at 19.5% in 2013 and fell as low as 10.6% in 2020.
Newark, NJ Wealth Compared With Nearby Cities
How Newark, NJ compares with the 2 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Newark, NJ | 309,652 | $52,688 #3/3 | 5.9%/yr #2/3 | 11.6% #3/3 | 0.593 #3/3 |
| Harrison, NJ | 20,334 | $93,692 | 6.1%/yr | 5.2% | 0.525 |
| East Orange, NJ | 69,597 | $60,925 | 5.7%/yr | 9.2% | 0.544 |
Conclusion
Considering all these factors, Newark, New Jersey has an overall wealth index grade of F, making it worse than New Jersey, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Newark, New Jersey.
How Rich Is Newark, New Jersey?
Newark has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $52,688, about 49% lower than the New Jersey average of $103,817.
How has median household income changed in Newark, New Jersey?
Between 2009 and 2024, the median household income in Newark, New Jersey rose 48%, from $35,570 to $52,688. Over the same years, income here lagged behind New Jersey as a whole: +48% against +50%.
What was the median household income in Newark in 2023?
In 2023, the median household income in Newark, New Jersey was $48,407, up 4% from $46,533 in 2022. The New Jersey median that year was $101,191.
What was the median household income in Newark in 2020?
In 2020, the median household income in Newark, New Jersey was $37,519. By 2024 it had risen 40% to $52,688.
How strong is the job market in Newark, New Jersey?
Unemployment in Newark, New Jersey is 11.6%, well above the New Jersey rate of 6.3%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Newark, New Jersey?
The Gini coefficient in Newark is 0.593. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Newark, New Jersey?
Since 2009, the income gap between men and women in Newark, New Jersey has widened from about 4% to 8% in 2024. Over that period the gap was widest at 16% in 2020, and was narrowest at 2% in 2010. In dollar terms, the gap has widened by $2,717 since 2009.
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