Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Ratings
Based on recent surveys and polls, locals gave high marks in the walkability to local amenities, safety, public transit, friendliness of neighbors and overall sense of community in the area.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Crime
This area reports elevated crime rates per 100,000 individuals, potentially pointing some areas being unsafe for its residents. Stats are based on both property and violent crimes.
Health & Safety
The low score in this category could be due to challenges related to air quality and the limited accessibility of health-related facilities like hospitals, nursing homes, doctors and pharmacies.
Newark is a smaller city located in the state of New York. The city has a population of 8,868 inhabitants. If we take a look at the last Census, the vast majority of the population falls within one racial group (82% White). Given that fact, Newark could be considered less diverse than other cities. Single men and women might be happy to hear that in Newark, only 49% of the population is married. Not a fan of sitting in traffic during your commute to work? Newark offers shorter work commutes, with an average one-way commute time taking only 19 minutes, far lower than the national average of 26 minutes.
Without the right tools, relocating to any new city can be very stressful and challenging. Living in Newark, New York could be a good experience for anyone who puts in the time to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. With useful information like crime, commute, employment, housing and other key data points, finding the best places to live in Newark and in the areas around Newark is a much easier task.
With a livability score of 71 out of 100, Newark is ranked #5,742 in the United States and #351 in New York. If we examine each of the categories on their own, we see that Newark ranks well for cost of living (A+) and housing (A). Newark does not do well for the following: amenities (F) and crime (D). It might be a good idea to take a closer look at each category to find out why.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Newark, the unemployment rate stands at 1.87%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
Finding affordable real estate and housing in Newark can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to Newark is real estate affordability. Median real estate prices in Newark come in at $97,500, which is 65.9% lower than the New York average. The home price to income ratio compares the median home prices to the median household income. In Newark, the home price to income ratio is 1.9, which is 59.6% lower than the New York average.
| Statistic | Newark | New York | National |
| Average one way commute | 19min | 33min | 26min |
| Workers who drive to work | 79.0% | 53.0% | 76.4% |
| Workers who carpool | 11.3% | 6.7% | 9.3% |
| Workers who take public transit | 0.0% | 28.0% | 5.1% |
| Workers who bicycle | 0.0% | 0.7% | 0.6% |
| Workers who walk | 4.7% | 6.3% | 2.8% |
| Working from home | 4.2% | 4.0% | 4.6% |
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