Newark, IL
Population 1,152 · Illinois
About Newark, IL
Newark is a small community in Illinois with a population of 1,152 residents. The median household income is $129,688 per year, which is above the national average. The median age in Newark is 45.1 years.
Housing in Newark has a median home value of $234,800 and median monthly rent of $1,018. Of the 442 total housing units, the majority are owner-occupied, with 363 owner-occupied and 56 renter-occupied units.
The unemployment rate in Newark is 1.8% and the poverty rate is 7.3%. 24.9% of residents hold a bachelor's degree or higher. The average commute time is 26 minutes.
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 Census data.
What is the median household income in Newark?
The median household income in Newark, IL is $129,688 per year.
What is the median home value in Newark?
The median home value in Newark, IL is $234,800.
What is the average rent in Newark?
The median monthly rent in Newark, IL is $1,018.
What is the unemployment rate in Newark?
The unemployment rate in Newark, IL is 1.8%.