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According to statistics, the population in Newark, IL amounts to 1,251, which shows growth 10% compared to the previous year. The median age of the city’s residents is 34. The average household income is $73,409, shifting decline 1% from the past year, and the average property value in Newark, IL growth 4% to $196,800 throughout the year.
|Number Of Employees||615|
|Median Property Value||$196,800|
The average household income in Newark, IL grew from $73,000 to $73,409 in the past year. This data is an estimate based upon 416 households in Newark, IL . The chart below presents how household income is distributed in Newark, IL in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Newark, IL shifted from $189,500 to $196,800 throughout the year. The subsequent graph indicates the share of properties in the given price range in Newark, IL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Newark, IL properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Newark, IL compared to median property taxes around the country. The prevalent amount of property taxes in Newark, IL equals $3000, which is less than the national average.
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