Newark, a city located in the state of New Jersey (NJ), is home to a population of approximately 307,355 people. Newark boasts a median age of 34.7, with around 16.4% of its residents aged 60 or above. 2.3% of the population identifies as US Veterans. 16% of Newark residents are disabled. The city has an average household income of $46,460, while the unemployment rate stands at 10.7%, and around 24.4% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Newark is $310,321, with a monthly rent averaging $1,273.