New River

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New River is a small populated area located in Maricopa County, Arizona State of United States of America. It possesses an area of 70.8 sq. mile (183.5 km2). 0.01 km2 of the total land is covered by water. It is situated 2014 ft (614 m) above the sea level. Its total population is 14952 and Population density is 151.6 / sq. mile. Male proportion in the population is 50.5 percent and female is 49.5 percent that lives there. The median resident age is 37.1 years in the city. 94.9 percent population is Caucasian, 0.46 percent is American Indian, and 4.9 percent of total population belongs to different races. 43 percent of the inhabitants comprises of youth. Christianity is practiced as the major religion in the town. The average household size is 2.42 and the average family size is 3.26.

New River has an average education system. Student to teacher ratio is 19:1. 86.8 percent residents completed high school education, 78.4 percent passed college exam, 68.4 percent passed the associate degree, 23.3 percent attained Bachelors degree, 7.2 percent completed Masters Degree and 1.4 percent passed Professional degree exam.

New River has a stable economy. The per Capita income in the town is $37,331 that is 33 higher than the national Income per Capita. The median household income is $76000. 13.6 percent of the employers work in health care and education industry, 10 percent are working in the retail service industry, 11.4 percent in the construction industry, 19 percent in the professional jobs, 7.3 percent in the manufacturing sector and transportation and 24.5 percent in other industries. Unemployment rate is 5.7 percent in the area that is less than the neighborhoods. 7.9 percent of the inhabitants are living below poverty level that is 47 percent lower than the national poverty level. The cost of living in the city is 4 percent higher than the state. General tax rate varies with respect to industry. Rate is 2.5 percent for restaurant and bars, 2.5 percent on utilities and telecommunication and 2.75 percent on transit lodging.

The city mainly focused on providing high-tech job opportunities so that the professionals coming from remote areas. These people often give priority to settle there in the city. New River economic development division promotes tourism department. The territory has all the facilities of spending a prosperous life. Air quality index is worse than the county’s average but pollution index is quite good. Crime rate is high as compare to other parts of the county. Additionally, there are small business assistance team supports new investors in assessing the situation and environment of the market. Major Employers of the city are Intel, PayPal and Bank of America. Everything in the city is well managed and organized in the city. There is Economic Development Services Department that serves the emerging entrepreneurs. They are in close contact with real estate industry and provide assistance to the new coming investors. Additionally the department guides the people about construction of the building, licensing, tax issues, and locality and environment issues while initiating business in the area.

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