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. Edgewater has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. 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.
A relatively large number of people in Edgewater telecommute to their jobs. Overall, about 22.50% 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.
Edgewater, while not large, also appears to be attractive to some younger, educated professionals, who help shape the character of the borough.
In Edgewater, however, the average commute to work is quite long. On average, people spend 40.31 minutes each day getting to work, which is significantly higher than the national average. One bright side is that local public transit is widely used, so it may be an option to avoid the headache of driving in the heavy traffic by leaving the car at home and taking transit.
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.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Edgewater. 74.32% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
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.
Foreign born people are also an important part of Edgewater's cultural character, accounting for 51.21% of the borough’s population.
The most common language spoken in Edgewater is English. Other important languages spoken here include Korean and Spanish.