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Newark Apartment Features
Apartments Near Newark
Living In Newark, DE
Newark, a town in Delaware, has a population of approximately 33,000. Young adults (15-24) should fit right in, as they account for an above-average percentage of the population, while middle-aged professionals are less well-represented. Overall, the city's residents, with an average age of just under 34, are decidedly younger than most cities in Delaware, ranking as the second-youngest municipality in the state. A narrow majority of residents own their homes (54%) as opposed to renting (46%) in Newark. With an average rent of $1,295 per month, exceeding the state average by $202 a month, relatively high rent costs could be playing a role in the higher levels of ownership.
Averaging about 24 minutes, the commute time for Newark residents is quicker than the state average of about 27 minutes. Driving a vehicle is the most common way to get to work, chosen by 32% of commuters, while public transit is not used much. Walking (6%) isn't a common way to get to work, though the number far surpasses the national average.
Compared to the national average (7%), Newark has a large concentration of residents over the age of 25 with advanced degrees, as 11% possess a Master's degree or a Doctorate. Furthermore, 13% have a Bachelor's degree. Many Newark residents work in one of three industries: education, entertainment, and retail. Combined, these industries account for 25% of the city's labor force. Meanwhile, in terms of job function, 5% of the city's population works in management, making it the top career path in the city. With an average annual income of just over $74K, Newark workers bring in about the same as their peers elsewhere in the state. The city's average income also is nearly on par with the national average ($73,345).
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