Living in Fanwood, New Jersey
Cost of living, income, home prices, rent and demographics of Fanwood · Census data 2020–2024
Fanwood has 7,799 residents with a median age of 43.4. The median household income is $195,529 (89% higher than the New Jersey median), the median home value is $635,200, the median rent is $2,446/month.
Fanwood at a glance
- Population
- 7,799
- Median age
- 43.4State: 40.1
- Median household income
- $195,529State: $103,556
- Median home value
- $635,200State: $454,400
- Median rent
- $2,446/moState: $1,720
- Homeowners
- 84.9%
- Bachelor's degree or higher
- 73%
- Average commute
- 42 min
Is Fanwood a good place to live?
Pros: Median household income 89% higher than the New Jersey median; unemployment of 2.7%; a poverty rate of 1%.
Cons: Home values 40% higher than the state median; an average commute of 42 minutes.
The weather is best in May–June and August–September.
Cost of living in Fanwood
Housing is the biggest part of the cost of living. In Fanwood the median home value is $635,200, 91% higher than the U.S. median. Renters pay a median of $2,446 per month, which is 37.6% of household income. Homeowners with a mortgage pay $3,708 a month in housing costs.
Fanwood median household income
The median household income in Fanwood is $195,529 and the income per person is $72,810. 1% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Fanwood: homes for sale and rent
- Housing units
- 2,898
- Owner-occupied
- 84.9%
- Renter-occupied
- 15.1%
- Vacant
- 2.2%Includes seasonal homes
- Median year built
- 1954
- Average household size
- 2.74
Fanwood demographics
- Population
- 7,799
- Median age
- 43.4
- Under 18
- 24%
- 65 and older
- 18.3%
- Households
- 2,835
- Foreign-born
- 16%
- Veterans
- 4%Adults 18+
Hispanic or Latino can be of any race. Population history of Fanwood ›
Education in Fanwood
73% of adults 25 and older in Fanwood have a bachelor's degree or higher (New Jersey: 43.6%), and 28.2% have a graduate or professional degree.
Jobs and commute in Fanwood
- Unemployment rate
- 2.7%State: 6.3%
- Average commute
- 42 minState: 31 min
- Work from home
- 26.1%
- Drive alone
- 61.9%
- Public transit
- 10.2%
- Walk to work
- 0.8%
- Homes with broadband
- 97.3%
Fanwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Fanwood | 7,799 | $195,529 | $635,200 | $2,446 |
| Scotch Plains | 24,843 | $183,655 | $718,200 | $2,060 |
| Westfield | 31,111 | $232,629 | $953,400 | $2,357 |
| Plainfield | 55,236 | $85,908 | $410,800 | $1,767 |
| Watchung | 6,485 | $173,672 | $882,500 | $2,738 |
| Mountainside | 7,049 | $211,538 | $810,300 | $3,501 |
| Berkeley Heights | 13,426 | $204,658 | $789,400 | $2,203 |
| North Plainfield | 22,809 | $87,349 | $374,700 | $1,752 |
| Garwood | 4,885 | $110,670 | $533,300 | $1,753 |
More for people moving to Fanwood
Fanwood ZIP code ›Weather and climate ›Living in Fanwood: FAQ
What is the median household income in Fanwood, NJ?
The median household income in Fanwood is $195,529, 89% higher than the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Fanwood?
The median home value in Fanwood is $635,200, compared with $454,400 in New Jersey.
How much is rent in Fanwood?
The median gross rent in Fanwood is $2,446 per month, about 37.6% of household income.
Is Fanwood, NJ a good place to live?
Pluses: median household income 89% higher than the New Jersey median; unemployment of 2.7%; a poverty rate of 1%. Minuses: home values 40% higher than the state median; an average commute of 42 minutes.
What is the median age in Fanwood?
The median age in Fanwood is 43.4 years (New Jersey: 40.1).
How long is the commute in Fanwood?
The average commute to work in Fanwood is 42 minutes; 26.1% of workers work from home.
What is the unemployment rate in Fanwood?
The unemployment rate in Fanwood is 2.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Fanwood?
73% of adults in Fanwood have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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