Newark, NJ — Demographics & Statistics
ZIP code 07102 serves a portion of Newark, New Jersey, within Essex County. This community is home to approximately 46,065 residents, with a median age of 27.4 years. The median household income of $100,375 sits above the national median of $67,521, while median home values of $531,987 are above the national average of $301,500. The area has a owner-majority housing profile, with 53% owner-occupied and 47% renter-occupied units. Cost of living in this part of Newark is higher than the national baseline, with an index of 147 (100 = national average). With a college-education rate of 50% and an unemployment rate of 8.4%, 07102 reflects the economic character of Essex County in New Jersey.
| Category | Statistic | Value | vs. National Avg |
|---|---|---|---|
| Population | Total Population | 46,065 | — |
| Population | Density (per sq mi) | 1,393 | — |
| Economics | Median Household Income | $100,375 | ↑ 49% vs nat'l avg |
| Economics | Median Home Value | $531,987 | ↑ 76% vs nat'l avg |
| Economics | Cost of Living Index | 147 | ↑ Higher than avg |
| Economics | Unemployment Rate | 8.4% | ↑ 115% vs nat'l avg |
| Economics | Below Poverty Line | 8.5% | ↓ 25% vs nat'l avg |
| Education | College Educated (25+) | 50% | ↑ 43% vs nat'l avg |
| Demographics | Median Age | 27.4 yrs | ↓ 29% vs nat'l avg |
| Housing | Owner-Occupied | 53% | — |
| Housing | Renter-Occupied | 47% | — |
| Housing | Total Housing Units | 20,729 | — |