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. There's nothing like the smell of a brand new house, and in Edgewater, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Edgewater, and putting down their money on brand new construction. Edgewater’s real estate is, on average, some of the newest in the nation. Edgewater does seem to be experiencing an influx of affluent people, because 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.Edgewater is a decidedly white-collar borough, with fully 95.46% of the workforce employed in white-collar jobs, well above the national average. Overall, Edgewater is a borough of managers, professionals, and sales and office workers. There are especially a lot of people living in Edgewater who work in management occupations (19.77%), business and financial occupations (17.30%), and sales jobs (10.54%). 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. One downside of living in Edgewater, however, is that residents on average have to contend with a long commute, spending on average 40.31 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 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. Edgewater also has a high percentage of its population that was born in another country: 51.21%. The most common language spoken in Edgewater is English. Other important languages spoken here include Korean and Spanish.
