Newark, Ohio 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.
-
D
Newark Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Newark | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $61,903 | $71,509 | $80,455 |
| Median Personal Income | $49,818 | $58,431 | $60,758 |
| Average Yearly Income Growth | 5.7% | 4.4% | 4.8% |
| Six-Figure Earners | 6.7% | 11.1% | 13.9% |
| $200k+ Households | 4.8% | 9.1% | 13.2% |
The median household income in Newark is about 13% lower than in Ohio. Income has been growing faster in Newark (5.7%/yr) than in Ohio (4.4%/yr).
About 7% of adults in Newark earn six figures ($100,000 or more) a year, lower than the Ohio average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Newark, Ohio grew by 53.1% from 2009 to 2024, reaching $61,903 in 2024. That's an average of about 5.7% per year.
Income Inequality and the Gender Pay Gap in Newark
| Metric | Newark | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.520 | 0.532 | 0.552 |
| Male Median Income | $62,656 | $67,200 | $69,667 |
| Female Median Income | $47,197 | $54,076 | $56,850 |
| Gender Pay Gap | 24.7% | 19.5% | 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 0.520, lower than Ohio's 0.532, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 33% more than women's income in Newark, Ohio. Over a 35-year career, a 33% wage gap accumulates to roughly $541,065 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, Ohio has widened from about 21% to 25% in 2024. Over that period the gap was widest at 28% in 2015, and was narrowest at 15% in 2010. In dollar terms, the gap has widened by $6,837 since 2009.
Sharply against the trend: the pay gap in Newark widened by 4.1 points while Ohio's narrowed by 5.7 points.
Employment
| Metric | Newark | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 4.8% | 5.2% |
| Working from Home | 11.6% | 13.0% | 15.0% |
| Commute time (minutes) | 17 | 21 | 22 |
Approximately 757 people are unemployed in Newark, Ohio.
The average commute time in Newark is 17 minutes, shorter than the 21 minutes in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Newark, Ohio has fallen from 9.9% to 4.1% in 2024. Over that period the rate peaked at 10.7% in 2013 and fell as low as 3.5% in 2023.
Conclusion
Considering all these factors, Newark, Ohio has an overall wealth index grade of D, making it about on par with Ohio, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Newark, Ohio.
How Rich Is Newark, Ohio?
Newark has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $61,903, about 13% lower than the Ohio average of $71,509.
Are incomes growing in Newark, Ohio?
Between 2009 and 2024, the median household income in Newark, Ohio rose 53%, from $40,434 to $61,903. Over the same years, income here outpaced Ohio as a whole: +53% against +51%.
What was the median household income in Newark in 2023?
In 2023, the median household income in Newark, Ohio was $58,345, up 5% from $55,619 in 2022. The Ohio median that year was $69,792.
What was the median household income in Newark in 2020?
In 2020, the median household income in Newark, Ohio was $49,187. By 2024 it had risen 26% to $61,903.
What is the Gini coefficient in Newark, Ohio?
The Gini coefficient in Newark is 0.520. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Newark, Ohio?
Since 2009, the income gap between men and women in Newark, Ohio has widened from about 21% to 25% in 2024. Over that period the gap was widest at 28% in 2015, and was narrowest at 15% in 2010. In dollar terms, the gap has widened by $6,837 since 2009.
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