New River is a medium-sized town located in the state of Arizona. With a population of 17,290 people and four constituent neighborhoods, New River is the 39th largest community in Arizona. Much of the housing stock in New River was built relatively recently. The construction of new real estate can often be taken as an indication that the local New River economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in New River, where the median household income is $96,187.00.
New River home prices are not only among the most expensive in Arizona, but New River real estate also consistently ranks among the most expensive in America.
New River is neither predominantly blue-collar nor white-collar, instead having a mixed workforce of both blue-collar and white-collar jobs. Overall, New River is a town of managers, professionals, and sales and office workers. There are especially a lot of people living in New River who work in management occupations (13.87%), sales jobs (11.08%), and business and financial occupations (10.17%).
Also of interest is that New River has more people living here who work in computers and math than 95% of the places in the US.
Telecommuters are a relatively large percentage of the workforce: 12.57% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Because of many things, New River is a great place for families with children to consider. First of all, many other families with children live here, making New River a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, New River has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, New River’s overall crime rate is lower than average for the country.
One downside of living in New River is that it can take a long time to commute to work. In New River, the average commute to work is 36.14 minutes, which is quite a bit higher than the national average.
The population of New River is very well educated relative to most cities and towns in the nation, where the average community has 21.84% of its adult population holding a 4-year degree or higher: 37.32% of adults in New River have a bachelor's degree or even advanced degree.
The per capita income in New River in 2018 was $46,764, which is wealthy relative to Arizona and the nation. This equates to an annual income of $187,056 for a family of four.
The people who call New River home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of New River residents report their race to be White, followed by Asian. Important ancestries of people in New River include German, Irish, English, European, and Italian.
The most common language spoken in New River is English. Other important languages spoken here include Spanish and Italian.