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310,178 residents · 2024 ACS · source-led profile

Moving to Newark?

The 2024 ACS 5-year estimates provide insights into Newark, New Jersey's demographics. The city has a population of 310,178 and a median household income of $52,060. The median gross rent is $1,392 per month, while the median owner-occupied home value is $373,700. Commute times are estimated at 36 minutes one-way.

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Short answer

Newark's affordability is uncertain, as its median household income is $52,060 and median gross rent is $1,392 per month, which is roughly 32% of the median household income. This leaves $1,250 for other expenses, assuming a uniform non-housing calculator baseline.

Newark at a glance

Household income$52,060
Median gross rent$1,392
Median home value$373,700
Derived commute36 min

What the default budget models

A one-person renting household begins with a modeled annual core-cost baseline of $31,704. It combines the ACS median gross-rent estimate with a uniform $1,250 monthly non-housing baseline. State income tax is excluded until a current official reference is approved; the calculator labels that limitation instead of guessing.

2024 ACS population estimate310,178
2024 ACS median household income$52,060
2024 ACS median gross rent$1,392
2024 ACS median owner-occupied home value$373,700
Derived one-way commute estimate36 minutes
State-tax treatmentExcluded — official reference pending
Rent-to-income reference32%
Salary & Affordability Benchmark

How much do you need to earn to live in Newark?

2024 ACS Median Income

$52,060/yr

30% Rule for RentRecommended
$55,680 / year

To afford Newark's median gross rent of $1,392/mo at or below 30% of gross earnings, a household needs approximately $26.77/hour (full-time).

28% Rule for HomeownershipMedian Home
$94,757 / year

Modeled against Newark's median home benchmark of $373,700 (estimated $2,211/mo ownership carrying cost at typical 7.1% baseline).

Slide to test your income against local rent, taxes, and essentials.
$52,060gross/year
Affordability Status:Cost-Burdened
Rent is 32% of gross income (41% of net pay)

Housing takes 32% of income (over the 30% guideline). Discretionary margins will feel tight.

Monthly Budget AllocationEstimated Net Take-Home: $3,377/mo
Tax 22%
Rent 32%
Essentials 29%
Savings 17%
Taxes: $954/mo Rent: $1,392/mo Essentials: $1,250/mo Discretionary Margin: $735/mo

The trade-off

Relative strength: High rent burden. Watch closely: rent vs income balance.

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Frequently asked questions

What is the median household income in Newark?

The 2024 ACS 5-year estimate for median household income in Newark is $52,060.

How much is the median gross rent in Newark?

The 2024 ACS 5-year estimate for median gross rent in Newark is $1,392 per month.

Source ledger

Every production input below is retained with its publisher and dataset. The ACS figures are five-year estimates, not live listings or guarantees.

Interpretation: The ACS 2024 five-year estimates generally summarize observations across 2020–2024. The commute number is a weighted midpoint estimate from table B08303. State income tax is not included in the modeled take-home result. Verify a current address, quote, commute, and tax situation before making a decision.

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