Living in Richwood, New Jersey
Cost of living, income, home prices, rent and demographics of Richwood · Census data 2020–2024
Richwood has 3,197 residents with a median age of 38.8. The median household income is $216,196 (109% higher than the New Jersey median), the median home value is $594,100.
Richwood at a glance
- Population
- 3,197
- Median age
- 38.8State: 40.1
- Median household income
- $216,196State: $103,556
- Median home value
- $594,100State: $454,400
- Homeowners
- 96%
- Bachelor's degree or higher
- 69.9%
- Average commute
- 26 min
Is Richwood a good place to live?
Pros: Median household income 109% higher than the New Jersey median; an average commute of 26 minutes; unemployment of 1.3%; a poverty rate of 4.2%.
Cons: Home values 31% higher than the state median.
The weather is best in May–June and August–September.
Cost of living in Richwood
Housing is the biggest part of the cost of living. In Richwood the median home value is $594,100, 79% higher than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $3,945 a month in housing costs.
Richwood median household income
The median household income in Richwood is $216,196 and the income per person is $88,225. 4.2% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Richwood: homes for sale and rent
- Housing units
- 1,108
- Owner-occupied
- 96%
- Renter-occupied
- 4%
- Vacant
- 11.6%Includes seasonal homes
- Median year built
- 1996
- Average household size
- 3.25
Richwood demographics
- Population
- 3,197
- Median age
- 38.8
- Under 18
- 21.7%
- 65 and older
- 15.1%
- Households
- 980
- Foreign-born
- 1.2%
- Veterans
- 4.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Richwood ›
Education in Richwood
69.9% of adults 25 and older in Richwood have a bachelor's degree or higher (New Jersey: 43.6%), and 21.5% have a graduate or professional degree.
Jobs and commute in Richwood
- Unemployment rate
- 1.3%State: 6.3%
- Average commute
- 26 minState: 31 min
- Work from home
- 23%
- Drive alone
- 71%
- Public transit
- 0%
- Walk to work
- 0.9%
- Homes with broadband
- 97.3%
Richwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Richwood | 3,197 | $216,196 | $594,100 | — |
| Harrison | 13,790 | $165,927 | $511,300 | $1,137 |
| Mullica Hill | 4,591 | $131,250 | $442,800 | $965 |
| Pitman | 8,856 | $98,489 | $279,300 | $1,521 |
| Mantua | 15,404 | $121,875 | $334,500 | $1,579 |
| Glassboro | 23,717 | $87,278 | $314,400 | $1,687 |
| Elk | 4,450 | $141,382 | $350,400 | $1,206 |
| Sewell | 2,982 | $140,600 | $347,500 | — |
| South Harrison | 3,428 | $139,773 | $493,800 | $2,818 |
More for people moving to Richwood
Richwood ZIP code ›Weather and climate ›Living in Richwood: FAQ
What is the median household income in Richwood, NJ?
The median household income in Richwood is $216,196, 109% higher than the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Richwood?
The median home value in Richwood is $594,100, compared with $454,400 in New Jersey.
Is Richwood, NJ a good place to live?
Pluses: median household income 109% higher than the New Jersey median; an average commute of 26 minutes; unemployment of 1.3%; a poverty rate of 4.2%. Minuses: home values 31% higher than the state median.
What is the median age in Richwood?
The median age in Richwood is 38.8 years (New Jersey: 40.1).
How long is the commute in Richwood?
The average commute to work in Richwood is 26 minutes; 23% of workers work from home.
What is the unemployment rate in Richwood?
The unemployment rate in Richwood is 1.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Richwood?
69.9% of adults in Richwood have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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