Ridgewood is a medium-sized village located in the state of New Jersey. With a population of 25,056 people and five constituent neighborhoods, Ridgewood is the 73rd largest community in New Jersey. Ridgewood has a large stock of pre-World War II architecture, making it one of the older and more historic villages in the country.
Ridgewood home prices are not only among the most expensive in New Jersey, but Ridgewood real estate also consistently ranks among the most expensive in America.
Ridgewood is a decidedly white-collar village, with fully 94.03% of the workforce employed in white-collar jobs, well above the national average. Overall, Ridgewood is a village of professionals, managers, and sales and office workers. There are especially a lot of people living in Ridgewood who work in management occupations (19.43%), sales jobs (15.05%), and business and financial occupations (12.52%).
Also of interest is that Ridgewood has more people living here who work in computers and math than 95% of the places in the US.
Of important note, Ridgewood is also a village of artists. Ridgewood has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Ridgewood’s character.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 10.70% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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.
In addition, Ridgewood is home to many people who could be described as "urban sophisticates". Urban sophisticates are people who are both educated and wealthy, and thus tend to be older, richer, and more established than young professionals. "Urban sophisticates" is not just about being educated and well-off financially: it is a point of view and state of mind, one that you might call 'urbaneness'. But such people can and do regularly live in small towns, suburbs and rural areas, as well as in big cities. They read, support the arts and high-end shops, and love travel.
Because of many things, Ridgewood is a great place for families with children to consider. First of all, many other families with children live here, making Ridgewood 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 village’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Ridgewood has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Ridgewood’s overall crime rate is lower than average for the country.
In Ridgewood, however, the average commute to work is quite long. On average, people spend 35.62 minutes each day getting to work, which is significantly higher than the national average. One bright side is that local public transit is widely used, so it may be an option to avoid the headache of driving in the heavy traffic by leaving the car at home and taking transit. In addition, the village is also quite pedestrian-friendly, because many neighborhoods are very dense and have amenities close enough together that people find it feasible to get around on foot.
Although the majority of commuting trips in the village are by private automobile, Ridgewood is somewhat unusual for a village of its size for having a substantial number of people who use public transportation. For a lot of people, the train helps to get to and from their jobs every morning, which benefits everyone in the Ridgewood area by reducing both traffic and air pollution.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Ridgewood. 75.44% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in Ridgewood in 2018 was $77,446, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $309,784 for a family of four.
Ridgewood is a very ethnically-diverse village. The people who call Ridgewood home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Ridgewood residents report their race to be White, followed by Asian. Important ancestries of people in Ridgewood include Irish, Italian, German, English, and Russian.
Foreign born people are also an important part of Ridgewood's cultural character, accounting for 22.34% of the village’s population.
The most common language spoken in Ridgewood is English. Other important languages spoken here include Korean and Spanish.