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 1.67x the national median and household incomes are 1.11x 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 $130,959. Here’s a look at the top 10 richest neighborhoods in Newark out of 20:
- Lower Vailsburg
- Central Business District
- Upper Vailsburg
- North Ironbound
- South Ironbound
- University Heights
- Upper Roseville
- Mount Pleasant
- Forest Hill
Summing up the median income of those 10 neighborhoods adds up to $417,979. And that my friend, is more 0s than most of us will see in our bank acount for a long, long time — if we ever get that lucky.
Continue on to find wher your neighborhood ranks amongst the richest in Newark.
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How We Determined The Most Well To Do Neighborhoods In Newark
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 criteria:
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, 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.
Detailed List Of The Richest Neighborhoods In Newark
|Rank||Neighborhood||Median Household Income|
|2||Central Business District||$44,829|
|11||Upper Clinton Hill||$35,266|
|16||Lower Clinton Hill||$29,887|
|17||South Broad Street||$29,635|