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Newark city, NJ
ZIP 07114 — Economy & Jobs
Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.
Low Income AreaLow Snow Area
Income, employment, industries, and economic trends
Income & Economy in Newark city, NJ (07114)
Median Income
$34,167
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+815
Wealth inflow
Population
12,658
Unemployment
14.5%
10.8pp above US avg
IRS migration statistics show a net inflow of about 815 for ZIP 07114 (Newark city, NJ) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 07114 (2020–Present)
Since 2020, population grew 6.0%, median income rose 20.9% (inflation-adjusted), home values decreased 6.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $34,167 |
| Unemployment | 14.5% |
| Establishments | 703 |
| Employees | 41,212 |