Population 6,625 · Census ACS 2020–24
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Population and households in Central Business District
Household size in Central Business District
| Period | Central Business District | Newark | New York area | New Jersey | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 1.89 | 2.87 | 2.79 | 2.77 | 2.68 |
| 2010–14 | 2.03 | 2.97 | 2.85 | 2.82 | 2.73 |
| 2015–19 | 1.85 | 2.71 | 2.82 | 2.78 | 2.71 |
| 2020–24 | 1.60 | 2.74 | 2.79 | 2.76 | 2.65 |
| Change | −0.29 | −0.13 | −0.00 | −0.01 | −0.03 |
Central Business District is a place of small households, averaging 1.60 people against 2.65 for the U.S., which points to many singles, couples and roommates and relatively few children. Household size has dropped from 1.89 in 2006–10, a much bigger shift than nationally. Central Business District has the smallest households of any Newark neighborhood.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Central Business District
| Period | Central Business District | Newark | New York area | New Jersey | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 41.6 | 32.9 | 38.0 | 39.1 | 37.7 |
| 2010–14 | 39.2 | 32.8 | 38.7 | 40.0 | 38.6 |
| 2015–19 | 38.8 | 34.9 | 39.8 | 41.0 | 39.6 |
| 2020–24 | 37.4 | 35.5 | 40.4 | 40.9 | 40.1 |
| Change | −4.2 | +2.6 | +2.4 | +1.8 | +2.3 |
Central Business District is a little younger than the country as a whole: its median age is 37.4, against 40.1 nationally. Even so, the population here is older than in Newark as a whole, where the median age is 35.5. The median age has dropped from 41.6 in 2006–10, even as the national median rose.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Central Business District
| Period | Central Business District | Newark | New York area | New Jersey | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 8.3% | 27.0% | 13.1% | 11.6% | 12.3% |
| 2010–14 | 13.7% | 27.5% | 12.8% | 11.8% | 12.3% |
| 2015–19 | 13.4% | 21.9% | 11.4% | 10.8% | 11.6% |
| 2020–24 | 9.4% | 22.7% | 11.6% | 11.3% | 11.6% |
| Change | +1.0 pts | −4.3 pts | −1.5 pts | −0.4 pts | −0.6 pts |
Single-parent households are less common in Central Business District than nationally: 9.4%, against 11.6%. The single-parent share is up 1.0 points from 2006–10, even as the national share fell. Central Business District has the lowest share of single-parent households of any Newark neighborhood.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Central Business District
Renters in Central Business District
| Period | Central Business District | Newark | New York area | New Jersey | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 88.4% | 74.6% | 47.1% | 33.1% | 33.3% |
| 2010–14 | 89.3% | 77.7% | 48.7% | 35.0% | 35.6% |
| 2015–19 | 93.4% | 77.6% | 48.8% | 36.1% | 36.0% |
| 2020–24 | 94.4% | 75.6% | 48.6% | 36.2% | 34.8% |
| Change | +6.0 pts | +1.0 pts | +1.5 pts | +3.1 pts | +1.5 pts |
Most households in Central Business District rent: 94.4% of occupied homes are rented, far above the national share of 34.8%. Expect more apartments, and more turnover, than in owner-heavy areas. The renter share has risen 6.0 points since 2006–10, a much bigger shift than nationally. Central Business District has the highest share of renters of any Newark neighborhood.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Central Business District
| Period | Central Business District | Newark | New York area | New Jersey | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 21.8% | 16.7% | 9.1% | 9.1% | 11.4% |
| 2010–14 | 16.8% | 16.3% | 9.0% | 9.3% | 11.4% |
| 2015–19 | 6.1% | 13.3% | 9.1% | 9.3% | 11.1% |
| 2020–24 | 10.2% | 7.9% | 7.9% | 6.6% | 9.6% |
| Change | −11.6 pts | −8.8 pts | −1.2 pts | −2.5 pts | −1.8 pts |
About as many homes sit empty in Central Business District as nationally: 10.2%, against 9.6%. The rate is higher than in Newark as a whole (7.9%). Vacancy has fallen 11.6 points since 2006–10, a much bigger shift than nationally.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Central Business District
| Period | Central Business District | Newark | New York area | New Jersey | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 1959 | 1959 | 1957 | 1965 | 1974 |
| 2010–14 | 1956 | 1961 | 1958 | 1966 | 1975 |
| 2015–19 | 1960 | 1964 | 1959 | 1967 | 1977 |
| 2020–24 | 1971 | 1968 | 1962 | 1969 | 1980 |
| Change | +12 | +9 | +5 | +5 | +6 |
The housing in Central Business District is old by national standards: the median home dates to 1971, against 1980 for the U.S., so buyers will find more older houses, some of them due for updates. That is in line with the rest of Newark. The median year built has moved up from 1959 in 2006–10, a sign of steady new building.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Central Business District
| Period | Central Business District | Newark | New York area | New Jersey | U.S. |
|---|---|---|---|---|---|
| 2006–10 | $933 | $939 | $1,268 | $1,246 | $965 |
| 2010–14 | $1,141 | $993 | $1,377 | $1,324 | $1,040 |
| 2015–19 | $1,145 | $1,085 | $1,645 | $1,522 | $1,213 |
| 2020–24 | $1,797 | $1,447 | $2,060 | $1,896 | $1,571 |
| Change | +$864 | +$508 | +$792 | +$651 | +$606 |
The median renter in Central Business District pays $1,797 a month for rent and utilities, above the national median of $1,571. Rent has climbed $864 a month since 2006–10, up 93%, faster than rents rose nationally. The typical renter here spends 30.0% of household income on rent, just over the 30% mark often used to define affordable rent. Central Business District has the highest rents of any Newark neighborhood.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Central Business District
Bachelor's degrees in Central Business District
| Period | Central Business District | Newark | New York area | New Jersey | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 33.9% | 12.8% | 35.0% | 34.7% | 28.4% |
| 2010–14 | 35.2% | 14.0% | 36.7% | 36.4% | 29.6% |
| 2015–19 | 33.4% | 15.8% | 39.9% | 39.6% | 32.1% |
| 2020–24 | 52.4% | 20.8% | 43.6% | 43.4% | 35.6% |
| Change | +18.5 pts | +8.0 pts | +8.6 pts | +8.6 pts | +7.2 pts |
Central Business District is highly educated: just over half of adults 25 and older (52.4%) hold at least a bachelor's degree, far above the national share of 35.6%. The share with a degree has risen 18.5 points since 2006–10, as it has nationally. Central Business District has the highest share of college graduates of any Newark neighborhood.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Central Business District
| Period | Central Business District | Newark | New York area | New Jersey | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 71.0% | 68.8% | 83.7% | 87.0% | 84.9% |
| 2010–14 | 74.6% | 72.5% | 84.6% | 88.1% | 86.1% |
| 2015–19 | 74.7% | 76.1% | 86.2% | 89.5% | 87.7% |
| 2020–24 | 90.6% | 79.2% | 86.9% | 90.2% | 89.3% |
| Change | +19.5 pts | +10.4 pts | +3.3 pts | +3.2 pts | +4.3 pts |
High school completion in Central Business District is close to the national rate: 90.6% of adults have a diploma or equivalent, against 89.3%. The rate is higher than in Newark overall (79.2%). The share with a diploma is up 19.5 points from 2006–10, a much bigger shift than nationally.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Central Business District
| Period | Central Business District | Newark | New York area | New Jersey | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 14.7% | 14.8% | 7.9% | 7.9% | 8.1% |
| 2010–14 | 15.1% | 20.1% | 9.5% | 9.8% | 9.4% |
| 2015–19 | 9.4% | 11.8% | 5.7% | 5.6% | 5.6% |
| 2020–24 | 8.1% | 11.8% | 6.9% | 6.4% | 5.4% |
| Change | −6.6 pts | −3.0 pts | −0.9 pts | −1.5 pts | −2.7 pts |
Unemployment in Central Business District runs well above the national rate: 8.1% of the labor force was out of work and looking, against 5.4%. Still, the rate is lower than in Newark overall (11.8%). Unemployment has fallen 6.6 points since 2006–10, mirroring the country.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Central Business District compared with nearby neighborhoods
| Neighborhood | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Central Business District | 1.60 | 37.4 | 9.4% | 94.4% | 10.2% | 1971 | $1,797 | 52.4% | 90.6% | 8.1% |
| Springfield-Belmont | 2.02 | 39.3 | 20.3% | 89.9% | 4.9% | 1982 | $950 | 17.0% | 77.2% | 9.0% |
| University Heights | 2.96 | 28.6 | 28.0% | 74.6% | 9.5% | 1977 | $1,598 | 30.0% | 84.7% | 14.9% |
| North Ironbound | 2.77 | 35.6 | 19.0% | 84.0% | 7.8% | 1973 | $1,701 | 18.8% | 69.2% | 8.4% |
| South Broad Street | 2.64 | 34.1 | 27.3% | 81.7% | 11.1% | 1985 | $1,296 | 26.7% | 79.5% | 13.7% |
| South Ironbound | 2.87 | 34.0 | 17.9% | 85.2% | 5.9% | 1980 | $1,505 | 9.8% | 70.5% | 7.7% |
| Seventh Avenue | 2.81 | 33.0 | 19.5% | 83.2% | 7.7% | 1970 | $1,450 | 22.4% | 79.9% | 9.3% |
| Mount Pleasant-Lower Broadway | 2.54 | 36.7 | 20.1% | 67.3% | 5.9% | 1972 | $1,366 | 25.3% | 74.5% | 13.6% |
| Fairmuont | 2.92 | 38.6 | 26.0% | 74.1% | 8.1% | 1961 | $1,647 | 19.7% | 81.7% | 15.2% |
| Lower Clinton Hill | 2.64 | 34.4 | 34.0% | 86.4% | 19.3% | 1999 | $1,466 | 21.0% | 90.7% | 6.8% |
| Lower Roseville | 2.76 | 34.7 | 26.6% | 74.9% | 5.2% | 1961 | $1,394 | 10.0% | 75.1% | 15.0% |
All figures 2020–24.
Neighborhoods with similar populations: West End, Alameda, CA · Arlington Center, Arlington, MA · 25th Street, Ogden, UT · Black Rock, Buffalo, NY · South Winds, Oxnard, CA · Bronzeville, Chicago, IL · Brookside, Erie, PA · Bryant Pattengill West, Ann Arbor, MI · Julington Creek, Jacksonville, FL · Foothills, Henderson, NV
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Central Business District. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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