Wood-Ridge is a somewhat small borough located in the state of New Jersey. With a population of 10,074 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: 12.12% 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.
One downside of living in Wood-Ridge, however, is that residents on average have to contend with a long commute, spending on average 31.40 minutes every day commuting to work. However, local public transit is widely used. For those who would prefer to avoid driving entirely and leave their car at home, it may be an option to use the transit instead.
In Wood-Ridge, a lot of people use the bus to get to work every day though Wood-Ridge is a relatively small borough. Those that ride the bus are primarily traveling out of town to good jobs in other cities.
If knowledge is power, Wood-Ridge is a pretty powerful place. 55.74% of the adults in Wood-Ridge have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Wood-Ridge in 2022 was $61,861, 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 $247,444 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 16.63% of the borough’s residents. Important ancestries of people in Wood-Ridge include Italian, Irish, German, Polish, and English.
Foreign born people are also an important part of Wood-Ridge's cultural character, accounting for 25.32% of the borough’s population.
The most common language spoken in Wood-Ridge is English. Other important languages spoken here include Spanish and Korean.