The population in 1901 was 74. In 1918 the community of Paradise River was ravaged by the influenza epidemic. The Winters and Pardy families were all but wiped out. Many of the surviving children were moved to Gordon's orphanage/boarding school at Muddy Bay. By 1921 the population had dwindled to only 16. However, by 1945 the population had risen to 112 and to 161 in 1961. The population has however been in steady decline, as few of the young people who had to leave the community to attend high school have returned to settle.

Most employment in the community today involves the operation of small local sawmills or as guides to fishing and hunting camps on the Eagle River.

The community of Paradise River has a road link to Cartwright. This connection enables residents to utilize all services that Cartwright offers; in turn, Cartwright citizens can take in the breathtaking beauty of Paradise River.

Paradise River was established in 1775 by George Cartwright. The town was originally recognized as the hub of Sandwich Bay. The people of Paradise River were involved in the cod and salmon fishery in the summer months and fur trapping and hunting in the winter. Today, Paradise River is known as a very scenic community with an abundance of wildlife, fish, and forestry potential.

When driving either south from Cartwright or north enroute to Cartwright be sure to make the small detour into Paradise River. You will get some beautiful photographs and just take the time to relax on your journey!