Newark is also a major college town with a large number of people who are 18 years or older and attending college. As is often the case in college towns, the many students that live in Newark have a strong influence on the local culture and entertainment scene, which may seem dormant by comparison in the summer months when much of the student population is away. In the fall, the return of students has a reinvigorating effect on the community. Because colleges are lasting institutions, they have a stabilizing effect on the economy by providing direct local benefits such as jobs for faculty and staff and spending by students. Newark’s economy is one such example of this.
Newark, while not large, also appears to be attractive to some younger, educated professionals, who help shape the character of the city.
If knowledge is power, Newark is a pretty powerful place. 55.91% of the adults in Newark have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Newark in 2022 was $32,240, which is middle income relative to Delaware and the nation. This equates to an annual income of $128,960 for a family of four. However, Newark contains both very wealthy and poor people as well.
Newark is an extremely ethnically-diverse city. The people who call Newark home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Newark residents report their race to be White, followed by Black or African-American. Newark also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 10.57% of the city’s residents. Important ancestries of people in Newark include Irish, German, English, Italian, and Polish.
The most common language spoken in Newark is English. Other important languages spoken here include Spanish and Chinese.
