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Apartments For Rent in Newark, NJ

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Apartments for Rent in Newark, NJ

Newark is a mid-size city in New Jersey with slightly more than 282,000 residents. At an average age of just under 35, the city's residents are decidedly younger than most cities in New Jersey. Homeowners tend to be in the minority in Newark, and 77% of residents are renting. The city boasts a relatively reasonable average rent of $1,016/month, which is $256 less than the state average.

Averaging about 38 minutes, Newark's commute time is slower than the state average of about 34 minutes. Many residents (25%) commute to work by car or truck, while public transit is used by just 11% of the city. Walking (3%) isn't a common way to get to work, though the number surpasses the national average.

Many Newark residents work in one of two industries: healthcare and retail. Together, these industries account for 12% of the city's workforce. Meanwhile, in terms of job function, many residents work in sales, making it the top field in the city. Newark workers earn an average annual income of just over $48K, less than their peers elsewhere in the state. Newark's average income also trails the national average of $73,345. Compared to the national average, Newark has a relatively high concentration of residents older than 25 who have earned a high school degree or GED (23%). Further, 9% possess a Bachelor's, Master's, Professional, or Doctoral degree.