Garwood, NJ
Population 4,688 · New Jersey
About Garwood, NJ
Garwood is a small community in New Jersey with a population of 4,688 residents. The median household income is $100,948 per year, which is above the national average. The median age in Garwood is 42.7 years.
Housing in Garwood has a median home value of $509,800 and median monthly rent of $1,603. Of the 2,093 total housing units, the majority are owner-occupied, with 1,125 owner-occupied and 929 renter-occupied units.
The unemployment rate in Garwood is 6.0% and the poverty rate is 9.2%. 43.8% of residents hold a bachelor's degree or higher. The average commute time is 29.6 minutes.
Cost of Living in Garwood, NJ
Compared to national averages, Garwood has a median household income of $100,948 (34% above the national median of $75,149). Home values average $509,800, which is 108% above the national median. Monthly rent at $1,603 is 38% above the US average of $1,163. Within New Jersey, Garwood's income is 13% below the state average of $115,667, and home values are 9% above the state median of $469,644.
Why Live in Garwood, NJ?
Garwood offers a strong local economy with a median household income of $100,948, well above the national average, and a well-educated community where 43.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 9.2%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $509,800. However, Garwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Garwood has a population of 4,688 with a median age of 42.7 years. Compare Garwood with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Garwood
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Country Lake Estates | 4,700 | $124,636 | $226,000 | Compare |
| Mount Ephraim | 4,648 | $95,137 | $223,800 | Compare |
| Cedar Knolls | 4,754 | $166,077 | $610,100 | Compare |
| Panther Valley | 4,622 | $128,484 | $359,800 | Compare |
| Blackwood | 4,615 | $81,154 | $231,000 | Compare |
| Neptune City | 4,607 | $82,872 | $383,600 | Compare |
| Northvale | 4,782 | $117,717 | $577,300 | Compare |
| Highlands | 4,575 | $90,082 | $394,800 | 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 Garwood
What is the population of Garwood, NJ?
The population of Garwood, NJ is 4,688 according to the latest Census data.
What is the median household income in Garwood?
The median household income in Garwood, NJ is $100,948 per year.
What is the median home value in Garwood?
The median home value in Garwood, NJ is $509,800.
What is the average rent in Garwood?
The median monthly rent in Garwood, NJ is $1,603.
What is the unemployment rate in Garwood?
The unemployment rate in Garwood, NJ is 6.0%.