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Newark city, NJ
ZIP 07104 — Economy & Jobs
Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.
Working ClassLarge CommunityLow Snow Area
Income, employment, industries, and economic trends
Income & Economy in Newark city, NJ (07104)
Median Income
$51,199
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+3,494
Wealth inflow
Population
54,277
Unemployment
9.7%
6.0pp above US avg
IRS migration statistics show a net inflow of about 3,494 for ZIP 07104 (Newark city, NJ) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 07104 (2020–Present)
Since 2020, population grew 6.3%, median income rose 6.2% (inflation-adjusted), home values increased 1.6%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $51,199 |
| Unemployment | 9.7% |
| Establishments | 743 |
| Employees | 6,187 |