Richest Neighborhoods In Newark, NJ For 2020


We used science and data to determine which Newark neighborhoods have the richest people.

Editor’s Note: We updated this article for 2020. This is our fifth time ranking the richest neighborhoods to live in Newark.
Richest Neighborhoods In Newark

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 0.9x the national median.

But where exactly in Newark do the richest of the rich people live? That would be Lower Vailsburg where the median income is a cool $49,386.

Here’s a look at the top 10 richest neighborhoods in Newark out of 20 for 2020.

What’s the richest neighborhood to live in Newark for 2020? According to the most recent census data, Lower Vailsburg looks to be the richest Newark neighborhood to live in.

Summing up the median income of those 10 neighborhoods adds up to $408,404. 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. Once you’re done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from richest to poorest.

For more Newark reading, check out the best neighborhoods in Newark and the worst neighborhoods in Newark. Or, for living around Newark, out the best Newark suburbs and the worst Newark suburbs.

For more New Jersey reading, check out:

How We Determined The Wealthiest Neighborhoods In Newark For 2020

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?

Using census and extrapolated BLS data, we ranked every neighborhood based on income levels.

We ranked every neighborhood in Newark by median income from highest to lowest. The neighborhood with the highest median income, Lower Vailsburg, 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:

Detailed List Of The Richest Neighborhoods In Newark For 2020

Rank Neighborhood Median Household Income<
1 Lower Vailsburg $49,386
2 North Ironbound $45,242
3 South Ironbound $43,950
4 Upper Vailsburg $43,529
5 Central Business District $42,834
6 Weequahic $39,947
7 Upper Roseville $36,765
8 Upper Clinton Hill $36,598
9 University Heights $36,350
10 Mount Pleasant $33,803
11 North Broadway $33,740
12 Forest Hill $33,687
13 Lower Clinton Hill $32,357
14 Seventh Avenue $32,132
15 Fairmuont $30,315
16 Lower Roseville $29,909
17 West Side $29,552
18 South Broad Street $28,311
19 Springfield-Belmont $24,967
20 Dayton-Weequahic Park $23,837

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.