Newark, IL
Population 1,152 · Illinois
About Newark, IL
Newark is a small town located in Illinois with a population of 1,152 residents according to the latest US Census Bureau American Community Survey data. The median household income is $129,688 per year, which is 73% above the national median of $75,149. The median age of 45.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Newark features a median home value of $234,800, which is 4% below the national median of $244,900. This positions Newark in a moderately priced market relative to the rest of the country. Median monthly rent is $1,018, 12% below the national average of $1,163/month. Of the 442 total housing units, 87% are owner-occupied (363 units) and 13% are renter-occupied (56 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Newark shows an unemployment rate of 1.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Newark have an average one-way commute time of 26 minutes.
Education & Demographics
24.9% of Newark residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 7.6% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 1.0% Asian residents, with 3.4% of the population being foreign-born.
Cost of Living in Newark, IL
Compared to national averages, Newark has a median household income of $129,688 (73% above the national median of $75,149). Home values average $234,800, which is 4% below the national median. Monthly rent at $1,018 is 12% below the US average of $1,163. Within Illinois, Newark's income is 73% above the state average of $75,072, and home values are 42% above the state median of $165,779.
Why Live in Newark, IL?
Newark offers a strong local economy with a median household income of $129,688, well above the national average, and affordable housing with a median home value of $234,800, below the US average of $244,900, and rent that’s lower than the national average at $1,018/month. Additionally, the city features a strong job market with an unemployment rate of just 1.8%, and a low poverty rate of 7.3%, better than the national average.
Newark has a population of 1,152 with a median age of 45.1 years. Compare Newark with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Newark
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Forreston | 1,148 | $68,042 | $116,500 | Compare |
| Kingston | 1,156 | $81,806 | $212,300 | Compare |
| Tower Lakes | 1,148 | $172,656 | $495,900 | Compare |
| Chatsworth | 1,161 | $61,731 | $103,000 | Compare |
| Edinburg | 1,163 | $95,292 | $111,300 | Compare |
| Goreville | 1,164 | $70,375 | $120,700 | Compare |
| Greenfield | 1,137 | $70,469 | $97,600 | Compare |
| Shawneetown | 1,167 | $51,089 | $80,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Newark With Other Cities
Frequently Asked Questions about Newark
What is the population of Newark, IL?
The population of Newark, IL is 1,152 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Newark?
The median household income in Newark, IL is $129,688 per year, which is 73% above the national median of $75,149.
What is the median home value in Newark?
The median home value in Newark, IL is $234,800, which is 4% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Newark?
The median monthly rent in Newark, IL is $1,018, which is 12% below the national average of $1,163/month.
What is the unemployment rate in Newark?
The unemployment rate in Newark, IL is 1.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Newark, IL a good place to live?
Newark offers above-average incomes, affordable housing, and a strong job market. With a population of 1,152 and a median age of 45.1, the city appeals to established professionals and retirees.
How educated is Newark, IL?
24.9% of residents in Newark aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Newark?
Key cost-of-living indicators for Newark, IL: median home value is $234,800 (4% below national), median rent is $1,018/month, and median household income is $129,688. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Newark?
The poverty rate in Newark, IL is 7.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Newark, IL?
Newark's population is 7.6% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 1.0% Asian, and 0.1% two or more races. 3.4% of residents are foreign-born.