New River is a medium-sized town located in the state of Arizona. With a population of 17,290 people and four associated neighborhoods, New River is the 39th largest community in Arizona. There's nothing like the smell of a brand new house, and in New River, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to New River, and putting down their money on brand new construction. New River’s real estate is, on average, some of the newest in the nation. New River does seem to be experiencing an influx of affluent people, because the median household income is $116,837.00.
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.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 20.14% 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.
New River 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 town’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, New River’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 New River is that it can take a long time to commute to work. In New River, the average commute to work is 35.75 minutes, which is quite a bit higher than the national average.
The education level of New River citizens is substantially higher than the typical US community, as 32.52% of adults in New River have at least a bachelor's degree.
The per capita income in New River in 2022 was $56,657, which is wealthy relative to Arizona and the nation. This equates to an annual income of $226,628 for a family of four.
New River is a somewhat ethnically-diverse town. 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, Italian, and European.
The most common language spoken in New River is English. Other important languages spoken here include Italian and Spanish.