Park Ridge, NJ
Population 9,218 · New Jersey
About Park Ridge, NJ
Park Ridge is a small town located in New Jersey with a population of 9,218 residents according to the latest US Census Bureau American Community Survey data. The median household income is $165,391 per year, which is 120% above the national median of $75,149. The median age of 46.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Park Ridge features a median home value of $666,200, which is 172% above the national median of $244,900. This places Park Ridge in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,995, 72% above the national average of $1,163/month. Of the 3,410 total housing units, 82% are owner-occupied (2,678 units) and 18% are renter-occupied (578 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Park Ridge shows an unemployment rate of 2.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Park Ridge have an average one-way commute time of 27.6 minutes.
Education & Demographics
56.8% of Park Ridge residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 3.3% White, 0.0% Hispanic or Latino, 1.9% Black or African American, and 7.9% Asian residents, with 12.0% of the population being foreign-born.
Cost of Living in Park Ridge, NJ
Compared to national averages, Park Ridge has a median household income of $165,391 (120% above the national median of $75,149). Home values average $666,200, which is 172% above the national median. Monthly rent at $1,995 is 72% above the US average of $1,163. Within New Jersey, Park Ridge's income is 43% above the state average of $115,667, and home values are 42% above the state median of $469,644.
Why Live in Park Ridge, NJ?
Park Ridge offers a strong local economy with a median household income of $165,391, well above the national average, and a strong job market with an unemployment rate of just 2.7%, and a well-educated community where 56.8% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $666,200. However, Park Ridge’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Park Ridge has a population of 9,218 with a median age of 46.6 years. Compare Park Ridge with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Park Ridge
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Chatham | 9,219 | $250,001 | $944,300 | Compare |
| Ventnor City | 9,220 | $74,619 | $345,300 | Compare |
| Pine Lake Park | 9,251 | $87,998 | $377,200 | Compare |
| Smithville | 9,260 | $72,875 | $270,600 | Compare |
| Leonia | 9,300 | $116,429 | $634,500 | Compare |
| Lake Mohawk | 9,116 | $145,806 | $418,800 | Compare |
| Bogota | 9,110 | $107,321 | $443,400 | Compare |
| Cresskill | 9,101 | $173,293 | $764,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Park Ridge With Other Cities
Frequently Asked Questions about Park Ridge
What is the population of Park Ridge, NJ?
The population of Park Ridge, NJ is 9,218 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Jersey.
What is the median household income in Park Ridge?
The median household income in Park Ridge, NJ is $165,391 per year, which is 120% above the national median of $75,149.
What is the median home value in Park Ridge?
The median home value in Park Ridge, NJ is $666,200, which is 172% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Park Ridge?
The median monthly rent in Park Ridge, NJ is $1,995, which is 72% above the national average of $1,163/month.
What is the unemployment rate in Park Ridge?
The unemployment rate in Park Ridge, NJ is 2.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Park Ridge, NJ a good place to live?
Park Ridge offers above-average incomes, a competitive housing market, and a strong job market. With a population of 9,218 and a median age of 46.6, the city appeals to established professionals and retirees.
How educated is Park Ridge, NJ?
56.8% of residents in Park Ridge aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Park Ridge?
Key cost-of-living indicators for Park Ridge, NJ: median home value is $666,200 (172% above national), median rent is $1,995/month, and median household income is $165,391. The home-value-to-income ratio is 4.0x, a moderate figure by national standards.
What is the poverty rate in Park Ridge?
The poverty rate in Park Ridge, NJ is 2.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Park Ridge, NJ?
Park Ridge's population is 3.3% White, 0.0% Hispanic or Latino, 1.9% Black or African American, 7.9% Asian, and 1.8% two or more races. 12.0% of residents are foreign-born.