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Newark city, NJ
ZIP 07107 — Economy & Jobs
Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.
Working ClassLow Snow Area
Income, employment, industries, and economic trends
Income & Economy in Newark city, NJ (07107)
Median Income
$49,892
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+2,712
Wealth inflow
Population
42,132
Unemployment
11.0%
7.3pp above US avg
IRS migration statistics show a net inflow of about 2,712 for ZIP 07107 (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 07107 (2020–Present)
Since 2020, population grew 11.0%, median income rose 13.3% (inflation-adjusted), home values increased 20.9%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $49,892 |
| Unemployment | 11.0% |
| Establishments | 498 |
| Employees | 4,126 |