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 95.15% 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 (28.25%), business and financial occupations (13.89%), and office and administrative support (9.63%). 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 24.81% 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", which are people who are not only wealthy and employed in professional occupations, but highly educated to boot. Urban sophisticates have urbane tastes - whether they reside in a big or small city, a suburb, or a little town. Urban sophisticates support bookstores, quality clothing stores, enjoy luxury travel, and in big cities, they are truly the patrons of the arts, attending and supporting institutions such as opera, symphony, ballet, and theatre. Because of many things, Fanwood is a great place for families with children to consider. First of all, many other families with children live here, making Fanwood a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The borough’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Fanwood has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Fanwood’s overall crime rate is lower than average for the country. One downside of living in Fanwood, however, is that residents on average have to contend with a long commute, spending on average 36.89 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. In Fanwood, a lot of people use the train to get to work every day though Fanwood is a relatively small borough. Those that ride the train are primarily traveling out of town to good jobs in other cities.If knowledge is power, Fanwood is a pretty powerful place. 72.01% 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 $73,487, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $293,948 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, Polish, and English. The most common language spoken in Fanwood is English. Other important languages spoken here include Spanish and Italian.
