Westwood, NJ
Population 11,221 · New Jersey
About Westwood, NJ
Westwood is a mid-sized city located in New Jersey with a population of 11,221 residents according to the latest US Census Bureau American Community Survey data. The median household income is $169,026 per year, which is 125% above the national median of $75,149. The median age of 41.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Westwood features a median home value of $587,700, which is 140% above the national median of $244,900. This places Westwood in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,351, 102% above the national average of $1,163/month. Of the 4,444 total housing units, 66% are owner-occupied (2,771 units) and 34% are renter-occupied (1,424 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Westwood shows an unemployment rate of 2.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Westwood have an average one-way commute time of 28.8 minutes.
Education & Demographics
55.8% of Westwood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 3.0% White, 0.1% Hispanic or Latino, 2.6% Black or African American, and 9.7% Asian residents, with 18.5% of the population being foreign-born.
Cost of Living in Westwood, NJ
Compared to national averages, Westwood has a median household income of $169,026 (125% above the national median of $75,149). Home values average $587,700, which is 140% above the national median. Monthly rent at $2,351 is 102% above the US average of $1,163. Within New Jersey, Westwood's income is 46% above the state average of $115,667, and home values are 25% above the state median of $469,644.
Why Live in Westwood, NJ?
Westwood offers a strong local economy with a median household income of $169,026, well above the national average, and a strong job market with an unemployment rate of just 2.6%, and a well-educated community where 55.8% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 4.3%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $587,700. However, Westwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Westwood has a population of 11,221 with a median age of 41.7 years. Compare Westwood with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Westwood
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ocean City | 11,260 | $101,782 | $719,100 | Compare |
| Wanaque | 11,162 | $112,326 | $366,400 | Compare |
| Greentree | 11,024 | $144,426 | $419,800 | Compare |
| Franklin Lakes | 11,011 | $230,987 | $1,217,500 | Compare |
| Pompton Lakes | 11,010 | $119,038 | $411,100 | Compare |
| Ridgefield | 11,439 | $115,676 | $609,700 | Compare |
| Beachwood | 11,002 | $102,043 | $307,500 | Compare |
| Gloucester City | 11,465 | $70,942 | $180,100 | 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.
Compare Westwood With Other Cities
Frequently Asked Questions about Westwood
What is the population of Westwood, NJ?
The population of Westwood, NJ is 11,221 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in New Jersey.
What is the median household income in Westwood?
The median household income in Westwood, NJ is $169,026 per year, which is 125% above the national median of $75,149.
What is the median home value in Westwood?
The median home value in Westwood, NJ is $587,700, which is 140% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Westwood?
The median monthly rent in Westwood, NJ is $2,351, which is 102% above the national average of $1,163/month.
What is the unemployment rate in Westwood?
The unemployment rate in Westwood, NJ is 2.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Westwood, NJ a good place to live?
Westwood offers above-average incomes, a competitive housing market, and a strong job market. With a population of 11,221 and a median age of 41.7, the city appeals to a broad range of residents.
How educated is Westwood, NJ?
55.8% of residents in Westwood aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Westwood?
Key cost-of-living indicators for Westwood, NJ: median home value is $587,700 (140% above national), median rent is $2,351/month, and median household income is $169,026. The home-value-to-income ratio is 3.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Westwood?
The poverty rate in Westwood, NJ is 4.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Westwood, NJ?
Westwood's population is 3.0% White, 0.1% Hispanic or Latino, 2.6% Black or African American, 9.7% Asian, and 2.6% two or more races. 18.5% of residents are foreign-born.