Newark is a city in Delaware state in USA with a population of 33822 residents..
The poverty rate of Newark is 23.5%, which is 68% higher than national average.
The typical household in Newark earns $60767 a year, compared to the national median of $67,500.
Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 8 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 44.1% of households earn less than $50,000 a year compared to 39% national rate.
The unemployment rate of Newark remained 7.1%, which is 51% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census.
Cost of living in Newark is 117, which is 17% higher than national average.
In Newark, only 55% of adults have a bachelor's degree and 25% have some college but no degree.
Median home value in Newark is $277700 , which is 21% higher than national average.
While median income in Newark remained $60767, which is 10% lower than national average.