Wood-Ridge is a medium-sized borough located in the state of New Jersey. With a population of 10,197 people and two associated neighborhoods, Wood-Ridge is the 193rd largest community in New Jersey.
Housing costs in Wood-Ridge 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.
Also of interest is that Wood-Ridge has more people living here who work in computers and math than 95% of the places in the US.
Of important note, Wood-Ridge is also a borough of artists. Wood-Ridge has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Wood-Ridge’s character.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 12.88% 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 Wood-Ridge, however, the average commute to work is quite long. On average, people spend 32.48 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.
Even though Wood-Ridge is a smaller borough, it has many people who hop on public transportation – mostly the bus for their daily commute to work. Typically, these people are commuting to good jobs in the surrounding cities.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Wood-Ridge. 53.51% 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 Wood-Ridge in 2022 was $66,404, 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 $265,616 for a family of four.
Wood-Ridge is an extremely ethnically-diverse borough. The people who call Wood-Ridge home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Wood-Ridge residents report their race to be White, followed by Asian. Wood-Ridge also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 18.82% of the borough’s residents. Important ancestries of people in Wood-Ridge include Italian, Irish, German, Polish, and English.
Wood-Ridge also has a high percentage of its population that was born in another country: 26.61%.
The most common language spoken in Wood-Ridge is English. Other important languages spoken here include Spanish and Korean.