Wood-Ridge, NJ
Population 10,094 · New Jersey
About Wood-Ridge, NJ
Wood-Ridge is a mid-sized city located in New Jersey with a population of 10,094 residents according to the latest US Census Bureau American Community Survey data. The median household income is $131,412 per year, which is 75% above the national median of $75,149. The median age of 39.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Wood-Ridge features a median home value of $532,900, which is 118% above the national median of $244,900. This places Wood-Ridge in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,886, 62% above the national average of $1,163/month. Of the 3,888 total housing units, 65% are owner-occupied (2,469 units) and 35% are renter-occupied (1,352 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Wood-Ridge shows an unemployment rate of 4.7%, which is near the national rate of 3.7%. The poverty rate stands at 6.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Wood-Ridge have an average one-way commute time of 32.6 minutes.
Education & Demographics
53.5% of Wood-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 0.1% White, 1.3% Hispanic or Latino, 1.8% Black or African American, and 16.1% Asian residents, with 26.6% of the population being foreign-born.
Cost of Living in Wood-Ridge, NJ
Compared to national averages, Wood-Ridge has a median household income of $131,412 (75% above the national median of $75,149). Home values average $532,900, which is 118% above the national median. Monthly rent at $1,886 is 62% above the US average of $1,163. Within New Jersey, Wood-Ridge's income is 14% above the state average of $115,667, and home values are 13% above the state median of $469,644.
Why Live in Wood-Ridge, NJ?
Wood-Ridge offers a strong local economy with a median household income of $131,412, well above the national average, and a well-educated community where 53.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $532,900. However, Wood-Ridge’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wood-Ridge has a population of 10,094 with a median age of 39.7 years. Compare Wood-Ridge with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Wood-Ridge
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Waldwick | 10,090 | $155,526 | $576,200 | Compare |
| Hillsdale | 10,086 | $169,862 | $656,800 | Compare |
| Budd Lake | 10,106 | $113,036 | $437,200 | Compare |
| Hackettstown | 10,143 | $91,250 | $337,100 | Compare |
| Brookdale | 10,044 | $150,489 | $527,200 | Compare |
| Maywood | 10,042 | $119,306 | $495,700 | Compare |
| White Horse | 10,040 | $100,896 | $274,300 | Compare |
| East Rutherford | 10,154 | $91,789 | $453,500 | 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 Wood-Ridge With Other Cities
Frequently Asked Questions about Wood-Ridge
What is the population of Wood-Ridge, NJ?
The population of Wood-Ridge, NJ is 10,094 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in New Jersey.
What is the median household income in Wood-Ridge?
The median household income in Wood-Ridge, NJ is $131,412 per year, which is 75% above the national median of $75,149.
What is the median home value in Wood-Ridge?
The median home value in Wood-Ridge, NJ is $532,900, which is 118% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wood-Ridge?
The median monthly rent in Wood-Ridge, NJ is $1,886, which is 62% above the national average of $1,163/month.
What is the unemployment rate in Wood-Ridge?
The unemployment rate in Wood-Ridge, NJ is 4.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Wood-Ridge, NJ a good place to live?
Wood-Ridge offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 10,094 and a median age of 39.7, the city appeals to a broad range of residents.
How educated is Wood-Ridge, NJ?
53.5% of residents in Wood-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 Wood-Ridge?
Key cost-of-living indicators for Wood-Ridge, NJ: median home value is $532,900 (118% above national), median rent is $1,886/month, and median household income is $131,412. The home-value-to-income ratio is 4.1x, a moderate figure by national standards.
What is the poverty rate in Wood-Ridge?
The poverty rate in Wood-Ridge, NJ is 6.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Wood-Ridge, NJ?
Wood-Ridge's population is 0.1% White, 1.3% Hispanic or Latino, 1.8% Black or African American, 16.1% Asian, and 4.5% two or more races. 26.6% of residents are foreign-born.