Edgewater is a somewhat small borough located in the state of New Jersey. With a population of 14,604 people and three associated neighborhoods, Edgewater is the 137th largest community in New Jersey. Much of the housing stock in Edgewater was built relatively recently. The construction of new real estate can often be taken as an indication that the local Edgewater economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Edgewater, where the median household income is $136,806.00.

Edgewater home prices are not only among the most expensive in New Jersey, but Edgewater real estate also consistently ranks among the most expensive in America.

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

One interesting thing about the economy is that relatively large numbers of people worked from their home: 22.50% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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.

Edgewater, while not large, also appears to be attractive to some younger, educated professionals, who help shape the character of the borough.

One downside of living in Edgewater is that it can take a long time to commute to work. In Edgewater, the average commute to work is 40.31 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.

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

If knowledge is power, Edgewater is a pretty powerful place. 74.32% of the adults in Edgewater 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 Edgewater in 2022 was $92,821, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $371,284 for a family of four.

Edgewater is an extremely ethnically-diverse borough. The people who call Edgewater home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Edgewater residents report their race to be Asian, followed by White. Edgewater also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 12.32% of the borough’s residents. Important ancestries of people in Edgewater include Irish, Italian, German, Polish, and English.

In addition, Edgewater has a lot of people living here who were born outside of the US (51.21%).

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