Newark, NJ
310,178Residents
$52,060Median household income
$1,392/moMedian gross rent
$373,700Median home value
34.7Median age
20%Adults with a bachelor’s degree or higher
24%Homes lived in by their owners
7.2×Home value to household income
Median rent takes about 32% of the median household income in Newark.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $56,000 a year. In New Jersey that leaves roughly $3,698 a month after tax. See the full paycheck breakdown for $55,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.