The 10 Richest Neighborhoods In Newark, NJ For 2024

The richest Newark neighborhoods are Upper Vailsburg and Lower Vailsburg for 2024 based on Saturday Night Science.

Richest Neighborhoods In Newark
Source: Wikipedia User Jamaalcobbs at English Wikipedia | CC BY-SA 3.0

Welcome to the land of the 1%. Where you’ll find lawyers, and doctors, and business executives. And while they 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 0.92x the national median.

But where exactly in Newark do the richest of the rich people live? That would be Upper Vailsburg where the median income is a cool $50,730.

Here’s a look at the top 10 wealthiest neighborhoods in Newark out of 20 for 2024.

What’s the richest neighborhood to live in Newark for 2024? According to the most recent census data, Upper Vailsburg looks to be the richest Newark neighborhood to live in.

Summing up the median income of those 10 neighborhoods adds up to $423,676. 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.

Find where your neighborhood ranks amongst the richest in Newark.

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.

Table Of Contents: Table | Methodology

Richst Neighborhoods In Newark For 2024 By Median Income

Rank Neighborhood Median Household Income
1 Upper Vailsburg $50,730
2 Lower Vailsburg $49,386
3 Weequahic $46,308
4 North Ironbound $45,242
5 South Ironbound $43,950
6 Central Business District $42,834
7 Upper Clinton Hill $38,308
8 Upper Roseville $36,765
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

How We Determined The Wealthiest Neighborhoods In Newark For 2024

Every city has its 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 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 Saturday Night Science, we researched income data from the Census and BLS for every neighborhood in Newark.

We ranked every neighborhood in Newark by median income from highest to lowest. The neighborhood with the highest median income, Upper Vailsburg, was named the wealthiest neighborhood in Newark.

The richest neighborhoods in Newark are Upper Vailsburg, Lower Vailsburg, Weequahic, North Ironbound, South Ironbound, Central Business District, Upper Clinton Hill, Upper Roseville, University Heights, and Mount Pleasant.

The poorest neighborhood? That would be Dayton-Weequahic Park.

The poorest neighborhoods in Newark are Dayton-Weequahic Park, Springfield-Belmont, South Broad Street, West Side, and Lower Roseville.

We updated this article for 2024. This is our tenth time ranking the most affluent neighborhoods to live in Newark.

For more New Jersey reading, check out:

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.