Richwood, NJ
Population 3,453 · New Jersey
About Richwood, NJ
Richwood is a small community in New Jersey with a population of 3,453 residents. The median household income is $206,685 per year, which is above the national average. The median age in Richwood is 39 years.
Housing in Richwood has a median home value of $566,000 and median monthly rent of $0. Of the 1,101 total housing units, the majority are owner-occupied, with 911 owner-occupied and 43 renter-occupied units.
The unemployment rate in Richwood is 4.5% and the poverty rate is 4.2%. 67.5% of residents hold a bachelor's degree or higher. The average commute time is 25.5 minutes.
How Richwood Ranks in New Jersey
Cost of Living in Richwood, NJ
Compared to national averages, Richwood has a median household income of $206,685 (175% above the national median of $75,149). Home values average $566,000, which is 131% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Jersey, Richwood's income is 79% above the state average of $115,667, and home values are 21% above the state median of $469,644.
Why Live in Richwood, NJ?
Richwood offers a strong local economy with a median household income of $206,685, well above the national average, and rent that’s lower than the national average at $0/month, and a well-educated community where 67.5% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 4.2%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $566,000. However, Richwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Richwood has a population of 3,453 with a median age of 39 years. Compare Richwood with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Richwood
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Gibbstown | 3,494 | $90,371 | $228,800 | Compare |
| Barnegat | 3,367 | $105,091 | $398,900 | Compare |
| Netcong | 3,543 | $92,596 | $344,300 | Compare |
| Saddle River | 3,358 | $236,985 | $2,000,001 | Compare |
| Stanhope | 3,551 | $134,583 | $326,000 | Compare |
| North Cape May | 3,577 | $82,198 | $323,900 | Compare |
| High Bridge | 3,584 | $116,424 | $298,600 | Compare |
| Haworth | 3,321 | $227,841 | $815,300 | 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.
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Frequently Asked Questions about Richwood
What is the population of Richwood, NJ?
The population of Richwood, NJ is 3,453 according to the latest Census data.
What is the median household income in Richwood?
The median household income in Richwood, NJ is $206,685 per year.
What is the median home value in Richwood?
The median home value in Richwood, NJ is $566,000.
What is the average rent in Richwood?
The median monthly rent in Richwood, NJ is $0.
What is the unemployment rate in Richwood?
The unemployment rate in Richwood, NJ is 4.5%.