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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).

Average Rent in Newark

Studio1 Bed2 Bed3 Bed
Dec 19$812$1,022$1,175$1,350
Oct 198661,0321,1751,342
Sep 198751,0371,1751,362
Aug 198881,0191,1661,383
Jul 198121,0001,1531,350
Jun 197871,0111,1721,328
May 198561,0351,1801,344
Apr 198561,0321,1801,349
Mar 198471,0311,1471,365
Feb 198471,0161,1521,437
*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

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Information is copyrighted and school data provided by GreatSchools.org. Information is deemed reliable but not guaranteed. Schools listed above are based on distance from the selected location and are just a sampling of the schools in the area. To find a particular school district, and how it relates to a specific apartment, please contact the apartment manager.

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