Ringwood borough, New Jersey Median Income

Ringwood borough, New Jersey has a population of 11,484, with a median household income of $124,228.

Current median income data for Ringwood borough.

$124,228

👥

Population

11,484

💰

Median Income

$124,228

📉

Unemployment

2.30%

🏠

Housing Price

$481,114

🚨

Crime Rate

0.30

🌐

Internet Speed

263.60 Mbps

Ringwood borough is a small local community located in New Jersey. The city has a population that is below the average city population in New Jersey, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Situated in New Jersey, Ringwood borough provides insight into regional population trends, income levels, and housing conditions.

Population Overview

Ringwood borough has a population of 11,484, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Ringwood borough is $124,228, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

The average housing price in Ringwood borough is about $481,114, making it relatively affordable compared to many cities in New Jersey.

Employment and Safety

The unemployment rate in Ringwood borough is 2.30%, which is lower than the state average, indicating a relatively strong job market. Ringwood borough has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in New Jersey, Ringwood borough shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

As part of New Jersey, Ringwood borough contributes to the broader economic and social landscape, offering insights into regional development.

Frequently Asked Questions about Ringwood borough

What is the population of Ringwood borough?

The population of Ringwood borough is approximately 11,484.

Is Ringwood borough a good place to live?

Ringwood borough offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Ringwood borough?

The median household income in Ringwood borough is around $124,228.

How expensive is housing in Ringwood borough?

The average housing price in Ringwood borough is approximately $481,114.