Fanwood, NJ
Real Estate & Demographic Data

Fanwood profile

Living in Fanwood

Fanwood is a somewhat small borough located in the state of New Jersey. With a population of 7,774 people and two constituent neighborhoods, Fanwood is the 248th largest community in New Jersey.

Housing costs in Fanwood are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in New Jersey.

Fanwood is a decidedly white-collar borough, with fully 93.73% of the workforce employed in white-collar jobs, well above the national average. Overall, Fanwood is a borough of managers, professionals, and sales and office workers. There are especially a lot of people living in Fanwood who work in management occupations (28.59%), office and administrative support (13.21%), and business and financial occupations (10.87%).

Also of interest is that Fanwood has more people living here who work in computers and math than 95% of the places in the US.

A relatively large number of people in Fanwood telecommute to their jobs. Overall, about 15.89% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

In addition, Fanwood is home to many people who could be described as "urban sophisticates". Urban sophisticates are educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.

Because of many things, Fanwood is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Fanwood really has some of the features that families look for when choosing a good community to raise children. Is Fanwood perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.

One downside of living in Fanwood, however, is that residents on average have to contend with a long commute, spending on average 39.00 minutes every day commuting to work. However, local public transit is widely used. For those who would prefer to avoid driving entirely and leave their car at home, it may be an option to use the transit instead.

Even though Fanwood is a smaller borough, it has many people who hop on public transportation – mostly the train for their daily commute to work. Typically, these people are commuting to good jobs in the surrounding cities.

Do you like to read, write and learn? If you move to Fanwood, you'll likely find that many of your neighbors like to as well. Fanwood is one of the more educated communities in America, with a full 69.04% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.

The per capita income in Fanwood in 2018 was $65,227, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $260,908 for a family of four.

Fanwood is a very ethnically-diverse borough. The people who call Fanwood home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Fanwood residents report their race to be White, followed by Asian. Important ancestries of people in Fanwood include Irish, Italian, German, Russian, and Polish.

The most common language spoken in Fanwood is English. Other important languages spoken here include Spanish and Italian.

Real Estate in Popular Fanwood Neighborhoods

Zip Codes in Fanwood, NJ