Fanwood borough, New Jersey Demographics & Population 2026
As of 2026, Fanwood borough, New Jersey has a total population of 7,714, the 213th largest city in New Jersey, with a median household income of $176,667, which is 75% higher than the state average. The poverty rate is 1.4%.
Key Takeaways
- Household income is 75% above the state average — one of the wealthiest communities in New Jersey.
- An exceptionally low poverty rate of 1.4% — among the lowest in New Jersey.
Fanwood borough Quick Facts
How Fanwood borough Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 65 | National average: 60
Education
Educational Attainment (Adults 25+)
Fanwood borough Rankings in New Jersey
Explore New Jersey Rankings
Other Cities in Union County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Elizabeth city | 135,887 | $63,874 | 15.3% | $393,500 |
| Plainfield city | 54,515 | $80,334 | 17.1% | $383,300 |
| Linden city | 43,614 | $91,036 | 9.0% | $387,200 |
| Westfield town | 30,760 | $212,700 | 2.1% | $930,500 |
| Rahway city | 29,748 | $90,852 | 6.8% | $362,300 |
| Summit city | 22,512 | $199,107 | 3.9% | $969,900 |
| Roselle borough | 22,455 | $82,967 | 10.4% | $336,500 |
| Roselle Park borough | 13,965 | $104,418 | 5.1% | $405,800 |
| New Providence borough | 13,577 | $162,877 | 2.1% | $734,300 |
| Kenilworth borough | 8,339 | $126,295 | 6.0% | $521,100 |
Cities Similar to Fanwood borough
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Basking Ridge CDP | 7,882 | $200,378 | $841,700 | 73.6% | 3.6% |
| Yorketown CDP | 7,265 | $163,375 | $575,700 | 50.2% | 4.3% |
| Emerson borough | 7,263 | $153,963 | $626,000 | 55.2% | 2.6% |
| Montvale borough | 8,625 | $183,664 | $688,500 | 56.8% | 3.8% |
| Closter borough | 8,544 | $187,500 | $820,100 | 66.2% | 7.2% |
Population Overview
Fanwood borough is a small city located in New Jersey, within Union County. The total population is 7,714. It ranks as the 213th most populous out of 700 cities and towns in New Jersey.
Age Demographics
The median age in Fanwood borough is 42.4 years. This is 6% higher than the state median of 40.1 years.
Economy, Income & Housing
The median household income in Fanwood borough is $176,667. This is 75% higher than the state median of $101,050. Compared to the national median of $78,538, household income here is 125% higher. The poverty rate stands at 1.4%. This is 86% lower than the state poverty rate of 9.8%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 2.8%. This is 54% lower than the state rate of 6.2%. The median home value is $610,600. Housing costs are 43% higher than the state median of $427,600. The home-value-to-income ratio is 3.5x. 86.5% of occupied housing units are owner-occupied. This homeownership rate is 36% higher than the state average of 63.7%.
Race & Ethnicity
The largest racial or ethnic group in Fanwood borough is White (non-Hispanic), making up 69.8% of the population. Hispanic or Latino residents account for 11.4%. The Black or African American population (3.7%) is well below the state average of 12.3%.
Education
71.2% of residents aged 25 and older hold a bachelor's degree or higher. This is 66% higher than the state rate of 42.9%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 97.5%. Notably, 26.7% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Fanwood borough, New Jersey is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against New Jersey state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 700 Census-designated places in New Jersey. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Fanwood borough, New Jersey?
Fanwood borough, New Jersey has a population of 7,714 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Fanwood borough, NJ?
The median household income in Fanwood borough is $176,667, which is 125% higher the national median of $78,538.
What is the poverty rate in Fanwood borough, NJ?
The poverty rate in Fanwood borough is 1.4%. This means approximately 105 residents live below the federal poverty line.
What is the racial makeup of Fanwood borough, New Jersey?
Fanwood borough's population is 69.8% White, 3.7% Black, 11.4% Hispanic/Latino, and 8.3% Asian.
What is the median home value in Fanwood borough, NJ?
The median home value in Fanwood borough is $610,600. The home-value-to-income ratio is 3.5x.
How educated is Fanwood borough, New Jersey?
71.2% of adults (25+) in Fanwood borough hold a bachelor's degree or higher, and 26.7% hold a graduate or professional degree.