Newark: Economy & Jobs
Newark reports a median household income of $52,060 (1.6× below Essex County median $80,789; 2.0× below New Jersey median $103,556), with homes at a median value of $373,700. The surrounding county supports 349,076 jobs (avg $88,369).
- $112,115 avg taxable income per return — higher than the median household income (vs New Jersey $97,759).
Income & Affordability
Median household income $52,060 — below the New Jersey median ($97,710). Poverty rate 23.4% (U.S. average ~12.5%). 47% of renters spend more than half their income on rent ("severely cost-burdened" by HUD definition; U.S. ~24%).
| Affordability · Home Price To Income | 7.2× |
|---|---|
| Affordability · Home Affordability | very expensive |
| Affordability · Rent Pct Income | 30.7% |
| Affordability · Rent Affordability | cost-burdened |
| Affordability · Pct Severely Rent Burdened | 47.4% |
| Affordability · Poverty Rate | 23.4% |
| Affordability · Property Tax Pct Income | 13.9% |
| Irs Income · IRS tax returns filed | $395,710 |
| Irs Income · Total Adjusted Gross Income (thousands) | $44,365,030 |
| Irs Income · Average AGI per return | $112,115 (vs New Jersey $97,759) |
| Irs Income · Year | 2022 |
| Income Estimate | $55,170 |
| Median Household Income | $52,060 (vs New Jersey $97,710) |
| Poverty Rate | 23.4% |
Sources: IRS SOI 2022 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Economic Character
Qualitative classification derived from Census occupation, industry, and income data — workforce composition (white-collar/blue-collar), top employing sector, and income tier.
| Economic Character · Workforce | mixed |
|---|---|
| Economic Character · Top Industry | Education Healthcare |
| Economic Character · Income Level | middle-class |
| Economic Character · Median Income | $52,060 |
Employment & Workforce
Employment + workforce stats. The county-level employment count covers all jobs within the county, not just town residents. Unemployment rate 7.3% — above the U.S. average of ~4%. 7% work from home (U.S. average ~15%).
| Commuter Profile · Mean Commute Min | 32.60 |
|---|---|
| Commuter Profile · Work From Home Pct | 7.3% |
| Commuter Profile · Profile | moderate commute |
| Employment · Avg annual employment (county) | 349,076 |
| Employment · Total annual wages (county) | $30,847,440,673 |
| Employment · Average annual pay | $88,369 |
| Employment · Year | 2024 |
| State Occupation Wages · Year | 2023 |
| State Occupation Wages · All Occupations · Soc Code | 00-0000 |
| State Occupation Wages · All Occupations · Title | All Occupations |
| State Occupation Wages · All Occupations · Employment | 4,202,170 |
| Unemployment Rate | 7.3% (vs New Jersey 4.0%) |
Sources: BLS QCEW 2023 · BLS Occupational Employment and Wage Statistics (OES) · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Industry Sectors
Major industries by establishment count from Census County Business Patterns (2022). Sectors are NAICS-coded; counts are county-wide employer establishments.
| Agriculture · Total Farms | 4 |
|---|---|
| Agriculture · Land In Farms Acres | 55 |
| Agriculture · Avg Farm Size Acres | 13.80 |
| Agriculture · Top Commodities | Crop Totals, Horticulture Totals, Bedding Plant Totals, Foliage Plants, Animal Totals |
| Agriculture · Year | 2022 |
| Business Patterns · Establishments (employer count) | 19,330 |
| Business Patterns · Total Employees | 286,492 |
| Business Patterns · Annual Payroll Thousands | 20,927,430 |
| Business Patterns · Year | 2022 |
Sources: USDA NASS Census 2022 — county FIPS matched · Census CBP API — county FIPS match
Local Business Mix
Retail and service businesses by category (Census CBP NAICS-coded). Counts cover the surrounding county, not just the town. Reflects the everyday commercial mix residents can access.
| Local Businesses · Grocery Stores | 344 |
|---|---|
| Local Businesses · Convenience Stores | 103 |
| Local Businesses · Liquor Stores | 187 |
| Local Businesses · Gas Stations | 58 |
| Local Businesses · Department Stores | 6 |
| Local Businesses · General Merchandise | 92 |
| Local Businesses · Clothing Stores | 58 |
| Local Businesses · Pet Stores | 14 |
Sources: Census CBP — NAICS detail codes
Dining Scene
Eating + drinking establishments by NAICS category (Census CBP 2022) — full-service restaurants, fast-food, bars, coffee shops. County-level counts.
| Dining Scene · Full Service Restaurants | 610 |
|---|---|
| Dining Scene · Fast Food | 629 |
| Dining Scene · Bars | 78 |
| Dining Scene · Coffee Snacks | 185 |
Sources: Census CBP NAICS 722
Banking
FDIC-insured bank branches with addresses. Branch density correlates with population — fewer branches per resident in lower-density areas.
Branches (20)
SNAP & Food Access
USDA-authorized SNAP retailers — supermarkets, super stores, convenience stores, and other locations where SNAP benefits can be redeemed. Per-1K density tracks food access.
Sample (5)
| Nearest Snap · Name | Josue Supermarket Llc |
|---|---|
| Nearest Snap · Total In Area | 283 |
Chamber of Commerce
IRS-registered chamber of commerce organizations matched to this town. Reflects the IRS Exempt Organizations BMF; some chambers operate informally and may not appear here.
| Chamber Of Commerce · Name | ECUADORIAN AMERICAN CHAMBER OF COMMERCE OF NEW JERSEY INC |
|---|
Sources: IRS EO BMF · Refreshed 2026-04-12
Spending & Tax
Federal spending flowing to the surrounding county — direct payments, grants, contracts, loans (USAspending.gov).
| Federal Spending · Federal Spending Fy2024 | $6,180,743,417 |
|---|---|
| Federal Spending · Per Capita | 7,155.89 (vs New Jersey $6,727) |
| Federal Spending · Population | 863,728 people (vs New Jersey 19,628) |
Sources: USAspending API
Other
| Job Training · Total count | 4 |
|---|---|
| Pct Drove Alone | 49.1% |
| Pct Public Transit | 5.1% |
| Pct Walked | 7.3% |
| Retirement Score · Median age | 34.7 years (vs New Jersey 39.6y) |
| Retirement Score · Ss Household Pct | 23.8% |
| Retirement Score · Hospitals Nearby | 10 |
| Retirement Score · Va Access | Yes |
| Retirement Score · Factors | hospital access, VA nearby |
| Retirement Score · Rating | fair |
Sources: IRS BMF keyword search · Census ACS 5-Year 2023 · Refreshed 2026-04-12