Living in Garwood, New Jersey
Cost of living, income, home prices, rent and demographics of Garwood · Census data 2020–2024
Garwood has 4,885 residents with a median age of 42.3. The median household income is $110,670 (7% higher than the New Jersey median), the median home value is $533,300, the median rent is $1,753/month.
Garwood at a glance
- Population
- 4,885
- Median age
- 42.3State: 40.1
- Median household income
- $110,670State: $103,556
- Median home value
- $533,300State: $454,400
- Median rent
- $1,753/moState: $1,720
- Homeowners
- 54.4%
- Bachelor's degree or higher
- 45.2%
- Average commute
- 30 min
Is Garwood a good place to live?
Pros: Median household income 7% higher than the New Jersey median; an average commute of 30 minutes.
Cons: Home values 17% higher than the state median; unemployment of 7.1%; a poverty rate of 9.9%.
The weather is best in May–June and August–September.
Cost of living in Garwood
Housing is the biggest part of the cost of living. In Garwood the median home value is $533,300, 60% higher than the U.S. median. Renters pay a median of $1,753 per month, which is 26.9% of household income. Homeowners with a mortgage pay $3,112 a month in housing costs.
Garwood median household income
The median household income in Garwood is $110,670 and the income per person is $63,436. 9.9% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Garwood: homes for sale and rent
- Housing units
- 2,169
- Owner-occupied
- 54.4%
- Renter-occupied
- 45.6%
- Vacant
- 1.8%Includes seasonal homes
- Median year built
- 1953
- Average household size
- 2.29
Garwood demographics
- Population
- 4,885
- Median age
- 42.3
- Under 18
- 18.1%
- 65 and older
- 20.4%
- Households
- 2,129
- Foreign-born
- 19.1%
- Veterans
- 3.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Garwood ›
Education in Garwood
45.2% of adults 25 and older in Garwood have a bachelor's degree or higher (New Jersey: 43.6%), and 15.1% have a graduate or professional degree.
Jobs and commute in Garwood
- Unemployment rate
- 7.1%State: 6.3%
- Average commute
- 30 minState: 31 min
- Work from home
- 17.1%
- Drive alone
- 64.5%
- Public transit
- 7.8%
- Walk to work
- 2.5%
- Homes with broadband
- 92.8%
Garwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Garwood | 4,885 | $110,670 | $533,300 | $1,753 |
| Westfield | 31,111 | $232,629 | $953,400 | $2,357 |
| Cranford | 24,074 | $155,972 | $660,100 | $2,199 |
| Winfield | 1,479 | $64,052 | $283,300 | $1,111 |
| Clark | 15,622 | $133,504 | $609,600 | $1,743 |
| Kenilworth | 8,401 | $118,611 | $522,200 | $2,023 |
| Mountainside | 7,049 | $211,538 | $810,300 | $3,501 |
| Scotch Plains | 24,843 | $183,655 | $718,200 | $2,060 |
| Roselle Park | 14,093 | $109,679 | $443,200 | $1,663 |
More for people moving to Garwood
Garwood ZIP code ›Weather and climate ›Living in Garwood: FAQ
What is the median household income in Garwood, NJ?
The median household income in Garwood is $110,670, 7% 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 Garwood?
The median home value in Garwood is $533,300, compared with $454,400 in New Jersey.
How much is rent in Garwood?
The median gross rent in Garwood is $1,753 per month, about 26.9% of household income.
Is Garwood, NJ a good place to live?
Pluses: median household income 7% higher than the New Jersey median; an average commute of 30 minutes. Minuses: home values 17% higher than the state median; unemployment of 7.1%; a poverty rate of 9.9%.
What is the median age in Garwood?
The median age in Garwood is 42.3 years (New Jersey: 40.1).
How long is the commute in Garwood?
The average commute to work in Garwood is 30 minutes; 17.1% of workers work from home.
What is the unemployment rate in Garwood?
The unemployment rate in Garwood is 7.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Garwood?
45.2% of adults in Garwood 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.
Last updated: