Park Ridge, NJ Profile: Facts & Data

Park Ridge, New Jersey - Basic Facts

The Borough of Park Ridge had a population of 9,533 as of July 1, 2024.

The primary coordinate point for Park Ridge is located at latitude 41.0376 and longitude -74.0407 in Bergen County. The formal boundaries for the Borough of Park Ridge encompass a land area of 2.58 sq. miles and a water area of 0.02 sq. miles. Bergen County is in the Eastern time zone (GMT -5).

The Borough of Park Ridge has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

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Park Ridge, NJ Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	9,533 (100%)
Population in Households	9,307 (97.6%)
Population in Families	8,167 (85.7%)
Population in Group Quarters¹	226 ( 2.4%)
Population Density	3,657
Diversity Index²	50


INCOME
Median Household Income	$163,759
Average Household Income	$223,231
% of Income for Mortgage⁴	27%
Per Capita Income	$84,803
Wealth Index⁵	231
Socioeconomic Status Index⁶	High (65.6)

HOUSING
Total HU (Housing Units)	3,734 (100%)
Owner Occupied HU	2,756 (73.8%)
Renter Occupied HU	863 (23.1%)
Vacant Housing Units	115 ( 3.1%)
Median Home Value	$694,539
Average Home Value	$744,149
Housing Affordability Index³	80

HOUSEHOLDS
Total Households	3,619
Average Household Size	2.57
Family Households	2,590
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

3,734 (100%)

Owner Occupied HU

2,756 (73.8%)

Renter Occupied HU

863 (23.1%)

Vacant Housing Units

115 ( 3.1%)

Median Home Value

$694,539

Average Home Value

$744,149

Housing Affordability Index³

HOUSEHOLDS

Total Households

3,619

Average Household Size

2.57

Family Households

2,590

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	1.68%	0.46%
Households	2.12%	0.82%
Families		0.73%
Median Household Income		1.26%
Per Capita Income		2.39%
Owner Occupied HU		1.16%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

1.68%

0.46%

Households

2.12%

0.82%

Families

0.73%

Median Household Income

1.26%

Per Capita Income

2.39%

Owner Occupied HU

1.16%

Park Ridge, NJ - Peer Comparisons by Rank and Percentile

The table below compares Park Ridge to the other 700 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 172	76th
Population Density	# 213	70th
Median Household Income	# 100	86th
Housing Affordability Index	# 343	49th
Per Capita Income	# 93	87th
Diversity Index	# 382	45th

Variable Description

Rank

Percentile

Total Population

# 172

76th

Population Density

# 213

70th

Median Household Income

# 100

86th

Housing Affordability Index

# 343

49th

Per Capita Income

# 93

87th

Diversity Index

# 382

45th

New Jersey Census Data Comparison Tool

Park Ridge, NJ Profile: Facts & Data

Park Ridge, New Jersey - Basic Facts

Park Ridge, NJ Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Park Ridge, NJ - Peer Comparisons by Rank and Percentile

Park Ridge, NJ - Most Popular Things to Do

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