Looking for an affordable and convenient place to call home? Then moving to Newark NJ is the right step!
This bustling city offers lower living costs than the state average and housing prices that won’t break the bank.
But that’s not all – Newark also boasts amazing career opportunities in industries like finance, logistics, healthcare, and technology.
And with its vibrant community, diverse attractions, and excellent education options, you’ll never run out of things to do.
So why wait? Start packing your bags and get ready for an exciting new chapter in Newark!
Things to know before moving to Newark
- Newark offers affordable housing options with lower cost of living compared to the New Jersey average.
- The city provides great career opportunities in various industries such as financial services, logistics, healthcare, and technology.
- Newark is undergoing revitalization efforts, focusing on developing infrastructure, supporting local businesses, and promoting sustainable growth.
- The city has a robust public transportation system, making it convenient for residents to commute within Newark and to neighboring areas like Jersey City and Manhattan.
Demographics
The racial composition of Newark is diverse, with 48.19% Black or African American, 22.67% White, and 18.28% belonging to other races. If you are considering moving to Newark, NJ, you will join a vibrant and multicultural community. The city’s demographics reflect its rich history and heritage, creating a melting pot of cultures and traditions. This diversity is one of the city’s greatest strengths, fostering an inclusive and welcoming environment for residents.
As you settle into Newark, you can connect with people from different backgrounds and learn about their experiences. The city’s diverse population contributes to a sense of community and offers various cultural events, festivals, and celebrations throughout the year. You will have the chance to explore various cuisines, experience different art forms, and engage with a lively arts and cultural scene.
Transitioning from the demographics, let’s now delve into the cost of living in Newark without sacrificing the amenities and conveniences of a thriving city.
Cost of Living in Newark
If you’re considering a move, you’ll find that the cost of living in Newark is 7% higher than the state average and 23% higher than the national average. Despite the higher cost, Newark offers affordability and convenience in many ways. Here are a few reasons why you’ll enjoy living in Newark:
Affordability & Convenience:
Newark’s cost of living is 8% lower than the New Jersey average.
Housing prices in Newark average at $400,000.
Rent prices in Newark average at $1,390.
Career Opportunities:
Newark has great employment opportunities in financial services, logistics, healthcare, and technology.
Large companies headquartered in Newark include Panasonic, Prudential Financial, Audible, and Horizon Blue Cross Blue Shield of New Jersey.
Newark is home to the largest container-shipping center in the Northeast, Port Newark Container Terminal.
Revitalization Efforts:
Newark is making strides in developing and transforming into a hot spot to live and work.
The city is expanding transportation hubs, parks, and more through investments in local infrastructure.
Newark is prioritizing healthy, sustainable growth and fighting gentrification.
Newark’s economy and business sector are thriving with these exciting opportunities and improvements.
Economy and Business
Newark’s economy and business sector are thriving, offering exciting opportunities and improvements. The city is home to various industries, including transportation & warehousing, health care & social assistance, construction, administrative & support & waste management services, retail trade, and educational services. These industries employ a significant portion of the local workforce. Health care and social assistance-related services employ around 12.7% of workers in Newark, while retail trade employs about 9% of the workforce. Transportation and warehousing comprise 13.8% of the workforce, and construction labor accounts for 11.3% of area staff. Education services and manufacturing jobs employ around 6.8% and 7.6% of local workers, respectively.
Table: Opportunities in Newark’s Economy and Business Sector
| Industry | Percentage of Workforce |
|---|---|
| Transportation & Warehousing | 13.8% |
| Health Care & Social Assistance | 12.7% |
| Construction | 11.3% |
| Administrative & Support & Waste Management Services | 9% |
| Retail Trade | 9% |
| Educational Services | 6.8% |
| Manufacturing | 7.6% |
With a strong job market and numerous large companies in the area, Newark offers a wealth of career opportunities. Public Service Enterprise Group Incorporated (PSEG) and Prudential Financial, Inc are just two examples of major employers in the city. Additionally, Newark is a major transportation center and East Coast distribution point, providing additional job prospects. Newark has something to offer whether you’re seeking employment in finance, healthcare, education, or technology.
As you consider moving to Newark, it’s important to note the city’s vibrant economy and the potential for professional growth. However, it’s also essential to be aware of other factors that may impact your decision, such as the crime rate in the area.
Crime rate: Is Newark safe place to live?
Considering relocating? Be aware that the area’s crime rate should be considered when making your decision. Here’s what you need to know about the crime rate in Newark, New Jersey:
- Overall Crime Rate: Newark has a lower overall crime rate than the national average, but it is 47% higher than the overall crime rate in New Jersey.
- Types of Crimes: Property crimes account for about 73% of all offenses in Newark, with larceny being the most common type of property crime. Violent offenses make up 27% of all reported crimes in the city.
- Property Crime: Larceny is Newark’s most common type of property crime, followed by burglary and motor vehicle theft. In 2019, 2,356 larcenies, 721 burglaries, and 1,541 motor vehicle thefts were reported.
- Violent Crime: Aggravated assault is Newark’s most commonly reported violent offense, followed by robbery. In 2019, there were 929 cases of aggravated assault, 636 cases of robbery, 120 cases of rape, and 57 homicides reported.
Considering the crime rate is important for your safety and peace of mind. Now, let’s move on to the next section about education.
Education
When looking at education options in the area, you’ll find that Newark offers a variety of schools and universities to choose from. The Newark Public School District consists of 43 elementary schools and 14 high schools, providing options for students of all ages.
While the average ranking of high schools in Newark is 2/10, there are some top-rated schools in the area, such as Science Park High School, Technology High School, and The Gray Charter School.
For higher education, Newark is home to Rutgers University – Newark Campus and Essex County College. Rutgers University – Newark Campus enrolls the most undergraduate students in the area, offering a wide range of programs. Essex County College provides 74 degree and certificate programs, catering to various fields of study.
With these educational opportunities, students in Newark have the chance to thrive and pursue their academic goals. As you consider moving to Newark, it’s important to explore the education options available and find the best fit for you or your family.
Healthcare
There are several hospitals in Newark, NJ that offer top-quality healthcare services. These hospitals provide a range of medical services to cater to the needs of the community. Here are some key points to know about healthcare in Newark:
- Newark Beth Israel Medical Center is a renowned hospital in the area that offers comprehensive healthcare services. It is part of RWJBarnabas Health, a leading healthcare system.
- St. Michael’s Medical Center is another top-quality healthcare facility in Newark that provides compassionate care to its patients.
- Newark has a total of 146 hospitals and urgent care centers, ensuring that residents have access to healthcare facilities conveniently.
Having access to these hospitals ensures that you can receive the medical care you need in a timely manner. Whether you require emergency care, specialized treatments, or routine check-ups, Newark’s healthcare system has you covered.
Now, let’s move on to the next section and explore the housing market in Newark without skipping a beat.
How is the Newark Housing Market?
The housing market in Newark, NJ offers a range of options for potential buyers and renters. Whether you are looking to purchase a home or rent an apartment, Newark has something to suit your needs. According to Zillow, the average home value in Newark is $399,050, while the median rent is $1,850. However, Rent.com reports that the average rent for apartments in Newark is between $1,550 and $2,805. To give you a better idea of the housing market in Newark, here is a table comparing the average rent for different types of apartments:
| Apartment Type | Average Rent |
|---|---|
| Studio | $1,550 |
| 1-bedroom | $2,805 |
| 2-bedroom | $2,300 |
As you can see, the cost of living in Newark is slightly higher than the national average, but there are still affordable options available. The city’s revitalization efforts have led to the development of new housing complexes, such as Teachers Village, and the investment in local infrastructure. With its affordable housing options and convenient location, Newark is a great place to live for those looking for a vibrant city with plenty of amenities. Now let’s move on to the job market in Newark, NJ, where you’ll find a wide range of career opportunities.
Job Market
Now that you have a good understanding of Newark’s housing market, let’s dive into the job market. Newark offers a wide range of career opportunities in various industries, making it an attractive place for job seekers like you. Here are some key points to consider:
- Diverse Industries: Newark is home to major companies in finance, logistics, healthcare, and technology. This means there are abundant job opportunities in these sectors.
- Headquarters of Major Companies: Large corporations like Panasonic, Prudential Financial, Audible, and Horizon Blue Cross Blue Shield of New Jersey have their headquarters in Newark. These companies offer stable employment and potential for growth.
- Tech Startups and Innovation: Newark is becoming a top destination for tech startups and small business innovators. Investment groups like Newark Venture Partners and HAX are supporting the city’s growth and providing opportunities for entrepreneurs.
- Revitalization Efforts: The city is actively working on its development and transformation. Investments in local infrastructure, transportation hubs, and parks are creating more job opportunities and improving the overall quality of life.
With a thriving job market and a strong focus on sustainable growth, Newark is an excellent place to build your career. And when it’s time to commute to work, you’ll find that Newark has a robust public transportation system. So, let’s explore the convenient ways to get around the city.
Does Newark has Public Transportation?
Public transportation in Newark, NJ offers commuters a convenient and efficient way to navigate the city and reach their destinations. With a great network of transportation options, including the PATH train, public buses, and Amtrak, getting around Newark is a breeze.
The PATH train, which operates similarly to the subway in NYC, moves almost 300,000 riders daily and provides transportation between New Jersey and New York. It’s a reliable option for your daily commute or a night out in the city.
The public buses in Newark have an extensive network and are rated highly by locals. They offer more pick-up and drop-off locations than any other transit system in NJ and usually arrive within five minutes of the scheduled time.
And if you need to travel further, Amtrak provides convenient transportation to NYC and other cities.
So whether you’re heading to work, exploring the city, or catching a flight at Newark Liberty International Airport, Newark’s public transportation system has got you covered.
As you consider moving to Newark, NJ, it’s important to take into account the city’s tax rates.
Tax Rates
When considering your move, don’t forget to take into account the tax rates in Newark, NJ. Here are the taxes that you need to be aware of:
- Property tax: The property tax rate in Newark is 0.92%. This means that if you own a property worth $100,000, you will pay $920 in property taxes each year.
- Sales tax: The sales tax rate in Newark is 6.63%. This means that if you buy a product that costs $100, you will pay $6.63 in sales tax.
- Municipal Utilities Authority (MUA) tax: The MUA tax rate in Newark is 1.5%. This means that if you use water or sewer services in Newark, you will pay an additional 1.5% on your water or sewer bill.
- Insurance premium tax: The insurance premium tax rate in Newark is 1.25%. This means that if you purchase insurance in Newark, you will pay an additional 1.25% on your insurance premium.
Considering the tax rates is essential to understanding the financial implications of living in Newark. It’s important to factor these taxes into your budget and financial planning to ensure that you can comfortably afford your new home.
Now that you have an idea of the tax rates, let’s move on to exploring the pros and cons of living in Newark, NJ.
Pros and Cons
If you’re considering a move to Newark, you’ll want to weigh the pros and cons of living in the city.
On the positive side, Newark offers affordability and convenience. The cost of living in Newark is 8% lower than the New Jersey average, and housing prices average at $400,000. Rent prices are also reasonable, averaging at $1,390.
Additionally, Newark provides great career opportunities, particularly in financial services, logistics, healthcare, and technology. The city is home to large companies like Panasonic, Prudential Financial, Audible, and Horizon Blue Cross Blue Shield of New Jersey. Newark is also undergoing revitalization efforts, with investments in infrastructure and support for Black and Latinx-owned businesses.
The city has a robust public transportation system, making it easy to get around without a car. Furthermore, Newark has a variety of education opportunities, outdoor recreation spaces, and cultural attractions.
With all these factors in mind, there is much to consider when deciding whether to make the move to Newark.
Things to Do in Newark
Now that you’ve learned about the pros and cons of moving to Newark, let’s explore the exciting things to do in this vibrant city. Newark offers a wide range of activities and attractions that cater to various interests. Here are some highlights:
Arts and Entertainment in Newark
- Visit the New Jersey Performing Arts Center for a variety of performances.
- Catch a game or concert at the Prudential Center.
- Immerse yourself in the local music scene at Newark Symphony Hall.
- Explore the extensive art collections at the Newark Museum of Art.
- Enjoy a baseball game at Riverfront Stadium.
Parks and Outdoor Spaces in Newark
- Take a stroll through the beautiful Branch Brook Park, known for its cherry blossom trees.
- Relax in the historic Military Park and attend outdoor events and fitness classes.
- Explore Weequahic Park, a green oasis with playgrounds, sports facilities, and a golf course.
- Enjoy waterfront views and outdoor activities at Essex County Riverfront Park.
Historical and Cultural Sites in Newark
- Learn about Newark’s rich history at the Newark Museum of History.
- Admire the stunning architecture of the Cathedral Basilica of the Sacred Heart.
- Discover the Jewish heritage of the city at the Jewish Museum of New Jersey.
- Dive into the state’s history at the New Jersey Historical Society.
With so much to see and do, you’ll never run out of things to explore in Newark. So, get ready to embark on an exciting journey in this dynamic city.
And speaking of exploration, let’s move on to the next section and discover the diverse bars and restaurants that Newark has to offer.
Bars and Restaurants in Newark
In Newark, you’ll find a vibrant dining scene with a variety of bars and restaurants to choose from. Here are some of the top restaurants in Newark, NJ:
| Restaurant | Cuisine |
|---|---|
| Casa d’Paco | Portuguese |
| Fornos of Spain | Spanish |
| Krug’s Tavern | American |
| Tops Diner | American |
| Casa Vasca | Basque |
Casa d’Paco is known for its Portuguese cuisine, offering delicious dishes like grilled octopus and Paella Valenciana. Fornos of Spain serves authentic Spanish cuisine, specializing in clay pot fish dishes. Krug’s Tavern is a local favorite, serving classic American fare such as burgers and sandwiches. Tops Diner, a Newark institution, offers an extensive menu of American cuisine and is particularly popular for breakfast. Casa Vasca is known for its flavorful Basque dishes.
These are just a few of the many great options available in Newark. Whether you’re craving international flavors or classic American favorites, Newark has something to satisfy every palate. From Portuguese and Spanish cuisine to American and Basque dishes, the city’s diverse culinary scene is sure to delight. So, if you’re looking for a place to enjoy a delicious meal or grab a drink, Newark has you covered.
Now, let’s explore the best neighborhoods to live in Newark without missing a beat.
Best Neighborhoods to Live in Newark
The best neighborhoods to live in Newark offer a range of amenities and attractions for you to enjoy.
Here are three neighborhoods that you should consider:
- Downtown Newark:
- Best area for tourists
- Home to top hotels like Tryp by Wyndham Newark Downtown and Courtyard by Marriott Newark Downtown
- Enjoy delicious dining options like Pic Nic and Spanish Pavilion
- Explore attractions such as the Harrison Museum and Red Bull Arena
- East Newark/Harrison:
- Quieter than downtown Newark
- Conveniently located near the airport
- Stay at hotels like Hampton Inn & Suites Newark-Harrison-Riverwalk and Element Harrison-Newark
- Visit West Hudson Park for outdoor activities
- Pic Nic:
- Affordable neighborhood option
- Experience the local culture and community
- Enjoy the famous Tops Diner for delicious meals
- Explore nearby attractions like Newark Museum
Here is a detailed guide on Newark Wards with Zip codes and neighborhoods to consider. No matter which neighborhood you choose, you’ll find a welcoming community and plenty of things to do in Newark. So start exploring and find the perfect neighborhood to call home.
Conclusion
Congratulations on your decision to move to Newark, NJ!
With its affordability, career opportunities, and vibrant community, you’ll find yourself right at home. Newark not only offers a lower cost of living but also a thriving business scene, making it a great place to start or advance your career.
The city’s commitment to revitalization and support for diverse businesses showcases its dedication to creating a prosperous future.
So, pack your bags, embrace the opportunities, and get ready to join the tapestry of life in Newark, where the possibilities are as endless as the city skyline.