Licking County · Ohio · Midwest · 51k residents
Newark, OH: economy, jobs & business costs
The site-selection read on Newark: labor costs, talent, corporate tax, energy, and business activity, with the Ohio median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,182/wk. Ohio's corporate income tax rate is 0%. Commercial electricity averages 10.7¢/kWh.
Compare Newark side by side
Avg. weekly wage
$1,182/wk
Corporate income tax
0%
Bachelor's degree or higher
23%
Commercial electricity
10.7¢/kWh
Economic momentum
How fast Newark's economy is moving, ranked against the US cities we track.
99/100
Heating
Ranks Newark's jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $192,300 |
| Price per sq. ft. | $145 |
| Property tax rate | 1.5% |
| 1-bedroom rent | $731/mo |
| 2-bedroom rent | $983/mo |
| State & local income tax | 3.91% |
| Sales tax | 7.25% |
| Corporate income tax | 0% |
| Avg. weekly wage | $1,182/wk |
| Bachelor's degree or higher | 23% |
| Commercial electricity | 10.7¢/kWh |
| Businesses per 1k residents | 21.8/1k |
| Wage: Software developer | $122,340 |
| Wage: Registered nurse | $83,900 |
| Wage: General manager | $102,590 |
| Wage: Customer service | $46,350 |
| Wage: Warehouse worker | $39,040 |
| Wage: Heavy truck driver | $61,720 |
| Wage: Electrician | $64,700 |
| Wage: Retail salesperson | $33,780 |
| Cost of living index | 79 |
| Groceries index | 95 |
| Utilities | $160/mo |
| Transit pass | $60/mo |
| Gas price | $3.15/gal |
| Healthcare index | 95 |
| Childcare (per child) | $950/mo |
| Median household income | $61,670 |
| Unemployment rate | 3.9% |
| Population | 51k |
| Crime index | 45/100 |
| School rating | 5.8/10 |
| Walkability | 34/100 |
| Disaster risk | 79/100 |
| Avg. commute | 24 min |
| Sunny days / year | 175 days |
| July high | 84°F |
| January low | 18°F |
| Annual snowfall | 15 in |
| Home price YoY | +3.2% |
| Home price MoM | +0.1% |
| Rent YoY | +5.5% |
| Rent MoM | +1.6% |
| Employment (jobs) YoY | +4.7% |
| Building permits YoY | — |
| Ocean coast | 402 mi |
| Big lake | 97 mi |
| Mountains | 180 mi |
| Major airport | 26 mi |
| Ski resort | 147 mi |
Popular comparisons
Nearby
- Pataskala, OH · 18k
- Pickerington, OH · 24k
- Mount Vernon, OH · 17k
- Reynoldsburg, OH · 41k
- Zanesville, OH · 25k
Similar size
- Cuyahoga Falls, OH · 51k
- Lakewood, OH · 50k
- Middletown, OH · 52k
- Dublin, OH · 49k
- Euclid, OH · 49k
Real listings in Newark
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Newark a good place to run a business?
- Ohio's corporate income tax rate is 0%; average weekly wages in the surrounding labor market run $1,182/wk; commercial electricity averages 10.7¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Newark, OH?
- Newark indexes at 79 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $983/mo and a acs median home value of $192,300.
- How much does a house cost in Newark?
- The acs median home value in Newark is $192,300 (Census ACS estimate; individual listings vary).
- How much is rent in Newark?
- A two-bedroom in Newark rents for about $983/mo.