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Demographics
Population
Median Income
Racial Distributions
Ridgewood, New Jersey, is classified as a "Low Diversity" community with a "White Majority". In 2022, the white population constituted 71% of the total. The city has a median income of $170,490, indicating an affluent community. The population of Ridgewood in 2022 was 26,043.
Over the past decade, Ridgewood has maintained its status as a "Low Diversity" community with a "White Majority". The white population has decreased from 74% in 2013 to 71% in 2022. The Asian population has remained stable at approximately 15%. The Hispanic population has increased from 6% in 2013 to 8% in 2022. The population identifying as two or more races has increased from 2% to 4%.
The median income in Ridgewood has fluctuated but generally increased. It changed from $171,422 in 2013 to $170,490 in 2022, with a peak of $180,664 in 2021. The population has grown from 25,115 in 2013 to 26,043 in 2022, a 3.7% increase.
Ridgewood's demographic composition and high median income suggest it is likely more homogeneous and affluent than many surrounding areas or the national average. The slow pace of diversification is consistent with trends seen in many affluent suburban communities across the United States.
Based on observed trends, Ridgewood is likely to continue its gradual diversification. The white majority is expected to continue decreasing slowly. Hispanic and multiracial populations are likely to see the most significant increases. The Asian population may remain stable or increase slightly.
While the community is unlikely to transition out of the "Low Diversity" category in the near future, it may be approaching a "Transitional Community" status. If current trends continue or accelerate, Ridgewood could potentially shift towards "Moderate Diversity" in the long term, particularly if the white population drops below 70% and other groups continue to grow.
Economically, the area is likely to maintain its affluence, with median incomes potentially continuing to rise gradually. This economic stability may continue to attract a diverse array of high-income earners, further contributing to the slow diversification of the community.
In conclusion, while Ridgewood remains a predominantly white, affluent community, demographic shifts suggest a slow but steady trend towards greater diversity, which may have long-term implications for the community's social and economic landscape.