Welcome to the land of the 1%. Where you’ll find lawyers, and doctors, and business executives. And while they probably aren’t made of ticky tacky, they are definitely made of money.
These are the wealthiest neighborhoods that Newark has to offer. Where houses go for over 1.29x the national median and household incomes are 0.84x the national median.
But where exactly in Newark do the richest of the rich people live? That would be Central Business District where the median income is a cool $130,959.
Here’s a look at the top 10 richest neighborhoods in Newark out of 20 for 2018:
- Central Business District (Homes)
- Lower Vailsburg (Homes)
- North Ironbound (Homes)
- South Ironbound (Homes)
- Upper Vailsburg (Homes)
- University Heights (Homes)
- Upper Roseville (Homes)
- Weequahic (Homes)
- Lower Clinton Hill (Homes)
- Forest Hill (Homes)
Summing up the median income of those 10 neighborhoods adds up to $410,793. And that my friend, is more 0s than most of us will see in our bank account for a long, long time — if we ever get that lucky.
Continue on to find where your neighborhood ranks amongst the richest in Newark.
How We Determined The Most Well To Do Neighborhoods In Newark For 2018
Every city has it’s best neighborhoods — where everyone wants to live — and the worst neighborhoods — where no one wants to live.
And then you have the wealthiest neighborhoods, where no one can afford to live.
And by no one, we really mean you because there’s always someone richer than you.
How do you quantify richer than you? We looked at one simple criterion:
Which neighborhoods have the highest median income?
We ranked every neighborhood in Newark by median income from highest to lowest. The neighborhood with the highest median income, Central Business District, was named the richest neighborhood in Newark.
The poorest neighborhood? That would be Dayton-Weequahic Park.
Now a look at how all the neighborhoods in Newark ranked.
For more New Jersey reading, check out:
- 10 Safest Places In New Jersey
- These Are The 10 Richest Cities In New Jersey
- 10 Best Places To Live In New Jersey
Detailed List Of The Richest Neighborhoods In Newark For 2018
|Rank||Neighborhood||Median Household Income|
|1||Central Business District||$46,464|
|9||Lower Clinton Hill||$37,177|
|11||Upper Clinton Hill||$35,860|
|16||South Broad Street||$30,693|