Fanwood, NJ
Population 7,714 · New Jersey
About Fanwood, NJ
Fanwood is a small community in New Jersey with a population of 7,714 residents. The median household income is $176,667 per year, which is above the national average. The median age in Fanwood is 42.4 years.
Housing in Fanwood has a median home value of $610,600 and median monthly rent of $2,368. Of the 2,783 total housing units, the majority are owner-occupied, with 2,400 owner-occupied and 376 renter-occupied units.
The unemployment rate in Fanwood is 2.8% and the poverty rate is 1.4%. 71.2% of residents hold a bachelor's degree or higher. The average commute time is 42.8 minutes.
Cost of Living in Fanwood, NJ
Compared to national averages, Fanwood has a median household income of $176,667 (135% above the national median of $75,149). Home values average $610,600, which is 149% above the national median. Monthly rent at $2,368 is 104% above the US average of $1,163. Within New Jersey, Fanwood's income is 53% above the state average of $115,667, and home values are 30% above the state median of $469,644.
Why Live in Fanwood, NJ?
Fanwood offers a strong local economy with a median household income of $176,667, well above the national average, and a strong job market with an unemployment rate of just 2.8%, and a well-educated community where 71.2% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 1.4%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $610,600. However, Fanwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Fanwood has a population of 7,714 with a median age of 42.4 years. Compare Fanwood with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Fanwood
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Dunellen | 7,711 | $84,789 | $380,200 | Compare |
| Brigantine | 7,702 | $88,906 | $485,000 | Compare |
| Bloomingdale | 7,686 | $126,221 | $398,000 | Compare |
| Mystic Island | 7,616 | $71,917 | $290,000 | Compare |
| Glen Ridge | 7,827 | $248,016 | $730,600 | Compare |
| Bernardsville | 7,871 | $231,006 | $737,600 | Compare |
| Basking Ridge | 7,882 | $200,378 | $841,700 | Compare |
| Berlin | 7,503 | $101,008 | $310,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Fanwood
What is the population of Fanwood, NJ?
The population of Fanwood, NJ is 7,714 according to the latest Census data.
What is the median household income in Fanwood?
The median household income in Fanwood, NJ is $176,667 per year.
What is the median home value in Fanwood?
The median home value in Fanwood, NJ is $610,600.
What is the average rent in Fanwood?
The median monthly rent in Fanwood, NJ is $2,368.
What is the unemployment rate in Fanwood?
The unemployment rate in Fanwood, NJ is 2.8%.