Most Expensive Ridgewood Neighborhoods
Ridgewood is a medium-sized village located in the state of New Jersey. With a population of 25,496 people and five constituent neighborhoods, Ridgewood is the 73rd largest community in New Jersey.
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 94.28% 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 (18.59%), sales jobs (15.30%) and business and financial occupations (10.45%).
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.
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.
A relatively large number of people in Ridgewood telecommute to their jobs. Overall, about 8.68% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. 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.
Ridgewood is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The village’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Ridgewood’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.
One downside of living in Ridgewood is that it can take a long time to commute to work. In Ridgewood, the average commute to work is 34.38 minutes, which is quite a bit higher than the national average. On the other hand, local public transit is widely used in the village, so leaving the car at home and taking transit is often a viable alternative. In addition, it is also a pedestrian-friendly village. Many of Ridgewood’s neighborhoods are dense enough and have amenities close enough together that people find it feasible to get around on foot.
For the size of the village, public transportation in Ridgewood is quite heavily used. Mostly, people who use it for their daily commute are taking the bus. For Ridgewood, the benefits are reduced air pollution and congestion on the highways.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Ridgewood. 74.88% 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 2010 was $68,939, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $275,756 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, Polish and Russian.
Ridgewood also has a high percentage of its population that was born in another country: 21.27%.
The languages spoken by people in Ridgewood are also diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in Ridgewood is English. Other important languages spoken here include Korean, Spanish and Chinese.
|NUMBER OF HOMES AND APARTMENTS||8,262|
|RIDGEWOOD HOME OWNERSHIP|
|% OWNER OCCUPIED||78.15%|
|% RENTER OCCUPIED||21.85%|
|TYPE OF RIDGEWOOD HOMES|
|SINGLE FAMILY DETACHED||80.70%|
|ROWHOUSES AND ATTACHED HOMES||1.47%|
|SMALL APARTMENT BUILDINGS||10.05%|
|COMPLEXES OR HIGH RISE APARTMENTS||7.79%|
|SIZE OF RIDGEWOOD HOMES|
|5 OR MORE BEDROOMS||18.97%|
|AGE OF RIDGEWOOD HOMES|
|NEWER HOMES (2000 OR LATER)||2.25%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||8.91%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||46.72%|
|HISTORIC (1939 OR BEFORE)||42.12%|
|RIDGEWOOD REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$741,428|
|MEDIAN RENTAL PRICE||$2,207|
|HOME VALUE RANGE|
|$0 - $53,000||0.92%|
|$53,001 - $107,000||0.74%|
|$107,001 - $213,000||0.23%|
|$213,001 - $320,000||1.32%|
|$320,001 - $427,000||4.68%|
|$427,001 - $533,000||15.56%|
|$533,001 - $800,000||33.95%|
|$800,001 - $1,067,000||20.47%|
|PEOPLE OF RIDGEWOOD||DETAILS|
|UNDER 5 YEARS||5.05%|
|5 TO 17||25.67%|
|18 TO 24||4.91%|
|25 TO 34||7.13%|
|35 TO 54||32.42%|
|55 TO 64||12.25%|
|65 YEARS AND OVER||12.57%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||97.63%|
|MEDIAN HOUSEHOLD INCOME||$141,315|
|PER CAPITA INCOME||$68,939|
|INDIVIDUALS BELOW POVERTY LEVEL||4.47%|
|INDUSTRIES PEOPLE WORK IN||Finance (15.20%)
Professional, scientific, and technical services (14.70%)
Information Technology (4.67%)
Real estate (3.15%)
|BLACK OR AFRICAN AMERICAN||2.28%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.04%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||1.59%|
|TWO OR MORE RACES||2.54%|
|HISPANIC OR LATINO (OF ANY RACE)||7.08%|
|ETHNICITIES PRESENT||Irish (19.97%)
|LANGUAGES SPOKEN||English (76.02%)
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