At a Glance
Median Income
$129,688
$49,788 per capita
Home Value
$234,800
Zillow: $421,620
Median Rent
$1,018/mo
25.0% of income on rent
Bachelor's Degree+
24.9%
95.6% high school+
Unemployment
1.8%
2.1% poverty rate
Obesity Rate
38.9%
12.4% smoking rate
How Newark Compares to the U.S. Average
Each bar shows Newark's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Newark a Good Place to Live?
A
4.3 / 5.0 - Great
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Newark residents earn a median household income of $129,688 , which is 73% above the national average of $75,149.
Per capita income is $49,788. The unemployment rate stands at 1.8% (50% below the U.S. rate of 3.6%). 2.1% of residents live below the poverty line. The area is home to 2,463 business establishments, including 235 restaurants.
Housing & Cost of Living
The median home value in Newark is $234,800 , 17% below the national median of $281,900.
Zillow estimates the typical home at $421,620. Median rent is $1,018/month, with 25.0% of renters spending more than 30% of income on housing. The cost of living index is 100.0 (100 = national average). The median home was built in 1967.
Education
24.9% of adults in Newark hold a bachelor's degree or higher
(26% below the national average).
95.6% have completed high school. Local schools score 6.1/10 in standardized testing.
Climate & Weather
Newark has an average annual temperature of 49°F (10°C).
Winters average 23°F in January while summers reach 73°F in July. Annual precipitation totals 40.0 inches.
Data Overview
People
Population1,152
Median Age45.1 yrs
Density1,029/mi²
Male / Female47% / 53%
Foreign Born3.4%
Veterans6.9%
Economy
A+
Median Income$129,688
Per Capita$49,788
Unemployment1.8%
Poverty2.1%
County GDP$5,408M
Avg Weekly Wage$985
Housing
A+
Home Value$234,800
Rent$1,018
Ownership86.6%
Zillow$421,620
Housing Units431
Rent Burden25.0%
Health
Obesity38.9%
Diabetes8.2%
Smoking12.4%
Heart Disease4.7%
Premature Death4,543/100K
Climate
Avg Temp49°F
Rain40.0 in/yr
Elevation677 ft
Education
C+
Bachelor's+24.9%
High School+95.6%
Graduate+4.4%
School Score6.1/10
Community
2024 VoteR 48% / D 50%
Commute26 min
Broadband91.2%
Internet Speed157 Mbps
EV Stations1
Libraries5
Did You Know?
The median home in Newark was built in 1967.
The nearest airport is Joliet Regional (21 miles).
The Gini coefficient (income inequality) is 0.348 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
9.1% of the population has a disability.
Average internet download speed is 157 Mbps.
There are 235 restaurants in the area.
The county recorded 6 fatal vehicle crashes.