Fanwood is a somewhat small borough located in the state of New Jersey. With a population of 7,655 people and two associated 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 91.74% 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 (29.14%), business and financial occupations (10.88%), and teaching (9.37%). 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. Telecommuters are a relatively large percentage of the workforce: 24.69% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. 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 people who are both educated and wealthy, and thus tend to be older, richer, and more established than young professionals. "Urban sophisticates" is not just about being educated and well-off financially: it is a point of view and state of mind, one that you might call 'urbaneness'. But such people can and do regularly live in small towns, suburbs and rural areas, as well as in big cities. They read, support the arts and high-end shops, and love travel. 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 is that it can take a long time to commute to work. In Fanwood, the average commute to work is 37.17 minutes, which is quite a bit higher than the national average. On the other hand, local public transit is widely used in the borough, so leaving the car at home and taking transit is often a viable alternative. Despite being a small borough, Fanwood has a lot of people using the train to get to and from work every day. Most of these people on the train are using it to get to good jobs in other cities.If knowledge is power, Fanwood is a pretty powerful place. 71.20% of the adults in Fanwood have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns. The per capita income in Fanwood in 2022 was $71,378, which is upper middle income relative to New Jersey, and wealthy relative to the rest of the US. This equates to an annual income of $285,512 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. Fanwood also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 11.36% of the borough’s residents. Important ancestries of people in Fanwood include Irish, Italian, German, Polish, and English. Fanwood also has a high percentage of its population that was born in another country: 17.58%. The most common language spoken in Fanwood is English. Other important languages spoken here include Spanish and Italian.
