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River Edge, New Jersey - Basic Facts
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The Borough of River Edgehada population of 11,840 as of July 1, 2023.River Edge ranks inthe upper quartile for Population Densitywhen compared to the other cities, towns and Census Designated Places (CDPs) in New Jersey. See peer rankings below.
The primary coordinate point for River Edge is located at latitude 40.9287 and longitude-74.0399 in Bergen County.The formal boundaries for the Borough of River Edge encompass a land area of 1.85 sq. miles and a water area of 0.04 sq. miles.Bergen County is in the Eastern time zone (GMT -5).
The Borough of River Edge 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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- River Edge 2023 Demographic Data
- Peer Comparisons (Rank and Percentile)
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- New Jersey Data Comparison Tool - 2023 Demographics
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River Edge, NJ Data & Demographics (As of July 1, 2023)
POPULATION | |
|---|---|
| Total Population | 11,840 (100%) |
| Population in Households | 11,833 (99.9%) |
| Population in Families | 10,611 (89.6%) |
| Population in Group Quarters1 | 7 ( 0.1%) |
| Population Density | 6,461 |
| Diversity Index2 | 68 |
INCOME | |
| Median Household Income | $142,643 |
| Average Household Income | $183,962 |
| % of Income for Mortgage4 | 26% |
| Per Capita Income | $64,916 |
| Wealth Index5 | 230 |
| Socioeconomic Status Index6 | High (69.7) |
HOUSING | |
|---|---|
| Total HU (Housing Units) | 4,311 (100%) |
| Owner Occupied HU | 3,135 (72.7%) |
| Renter Occupied HU | 1,043 (24.2%) |
| Vacant Housing Units | 133 ( 3.1%) |
| Median Home Value | $615,909 |
| Average Home Value | $640,720 |
| Housing Affordability Index3 | 82 |
HOUSEHOLDS | |
| Total Households | 4,178 |
| Average Household Size | 2.83 |
| Family Households | 3,145 |
| 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 | 2020-2023 | 2023-2028 |
|---|---|---|
| Population | -0.54% | -0.40% |
| Households | -0.10% | -0.20% |
| Families | -0.17% | |
| Median Household Income | 2.04% | |
| Per Capita Income | 2.27% | |
| Owner Occupied HU | 0.03% |
River Edge, NJ - Peer Comparisons by Rank and Percentile
The table below compares River Edge to the other 700 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2023 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 | # 121 | 83rd |
| Population Density | # 83 | 88th |
| Median Household Income | # 129 | 82nd |
| Housing Affordability Index | # 329 | 47th |
| Per Capita Income | # 207 | 71st |
| Diversity Index | # 186 | 74th |
Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.
River Edge, NJ - Most Popular Things to Do
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