Richwood is a very small town located in the state of New Jersey. With a population of 3,577 people and just one neighborhood, Richwood is the 364th largest community in New Jersey. There's nothing like the smell of a brand new house, and in Richwood, 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 Richwood, and putting down their money on brand new construction. Richwood’s real estate is, on average, some of the newest in the nation. Richwood does seem to be experiencing an influx of affluent people, because the median household income is $201,037.00.
Housing costs in Richwood are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in New Jersey.
Richwood is a decidedly white-collar town, with fully 87.34% of the workforce employed in white-collar jobs, well above the national average. Overall, Richwood is a town of professionals, managers, and sales and office workers. There are especially a lot of people living in Richwood who work in management occupations (24.20%), healthcare (14.97%), and sales jobs (9.34%).
Of important note, Richwood is also a town of artists. Richwood has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Richwood’s character.
Telecommuters are a relatively large percentage of the workforce: 20.86% 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, Richwood is a great place for families with children to consider. First of all, many other families with children live here, making Richwood 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, Richwood has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Richwood’s overall crime rate is lower than average for the country.
Richwood is a small town, and as such doesn't have a public transit system that people use to get to and from their jobs every day.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Richwood. 67.55% 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 Richwood in 2022 was $61,926, which is upper middle income relative to New Jersey, and wealthy relative to the rest of the US. This equates to an annual income of $247,704 for a family of four.
The people who call Richwood home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Richwood residents report their race to be White, followed by Native Hawaiian. Important ancestries of people in Richwood include Italian, Irish, German, Polish, and English.
The most common language spoken in Richwood is English. Other important languages spoken here include Polish and Spanish.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
If you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 2.5% of America's neighborhoods are wealthier than the neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren't up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe. As one would expect in a considerably wealthy neighborhood such as this, also has one of the lowest ratings of child poverty in the nation.
In addition, a majority of the adults in the neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you're an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle "best choice" neighborhood for New Jersey by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 98.6% of the neighborhoods in New Jersey. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for families with school-aged children and urban sophisticates.
Real estate in the neighborhood is almost exclusively owner-occupied. NeighborhoodScout's analysis reveals that this neighborhood has a higher rate of owner-occupied housing than is found in 97.8% of U.S. neighborhoods. If you are seeking to rent, this neighborhood may not have many options, but high rates of ownership often indicate stability in a neighborhood.
In addition, one way that the neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 95.9% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
Did you know that the neighborhood has more Lithuanian and Italian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.0% of this neighborhood's residents have Lithuanian ancestry and 26.5% have Italian ancestry.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the neighborhood in Richwood are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 97.5% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the neighborhood, 63.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 15.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (10.5%), and 10.5% in manufacturing and laborer occupations.
The most common language spoken in the neighborhood is English, spoken by 93.8% of households. Some people also speak Spanish (2.3%).
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the neighborhood in Richwood, NJ, residents most commonly identify their ethnicity or ancestry as Italian (26.5%). There are also a number of people of Irish ancestry (21.1%), and residents who report German roots (13.6%), and some of the residents are also of English ancestry (12.6%), along with some Polish ancestry residents (7.3%), among others.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in neighborhood spend between 30 and 45 minutes commuting one-way to work (34.4% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (66.9%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (6.5%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.