Basking Ridge vs Newark
| Basking Ridge | Newark | |
|---|---|---|
| Population | 7,905 | 307,355 |
| Median Household Income | $188,295 | $52,060 |
| Median Home Value | $851,200 | $373,700 |
| Median Gross Rent | $546/mo | $1,392/mo |
| Homeownership Rate | 83.9% | 24.4% |
| Unemployment Rate | 7.5% | 11.6% |
| Bachelor's Degree or Higher | 74.3% | 19.7% |
| Median Age | 46.7 | 34.7 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.