Newark vs Tower Lakes
Side-by-side comparison
How does Newark, IL compare to Tower Lakes, IL? Newark has a population of 1,152 with a median household income of $129,688, while Tower Lakes has 1,148 residents and a median income of $172,656. Below you'll find a detailed breakdown of demographics, economy, and housing for both cities.
| Metric | Newark, IL | Tower Lakes, IL | Difference |
|---|---|---|---|
| Population | 1,152 | 1,148 | +0.3% |
| Median Age | 45.1 | 48.8 | -7.6% |
| Foreign Born % | 3.4% | 8.2% | -58.5% |
| Metric | Newark | Tower Lakes | Difference |
|---|---|---|---|
| Median Income | $129,688 | $172,656 | -24.9% |
| Unemployment | 1.8% | 3.3% | -45.5% |
| Poverty Rate | 7.3% | 3% | +143.3% |
| Bachelor's+ | 24.9% | 77.8% | -68.0% |
| Metric | Newark | Tower Lakes | Difference |
|---|---|---|---|
| Home Value | $234,800 | $495,900 | -52.7% |
| Median Rent | $1018/mo | $2375/mo | -57.1% |
| Housing Units | 442 | 459 | -3.7% |