Edgewater is a medium-sized borough located in the state of New Jersey. With a population of 14,678 people and three associated neighborhoods, Edgewater is the 137th largest community in New Jersey. There's nothing like the smell of a brand new house, and in Edgewater, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Edgewater, and putting down their money on brand new construction. Edgewater’s real estate is, on average, some of the newest in the nation. Edgewater does seem to be experiencing an influx of affluent people, because the median household income is $136,806.00.
Edgewater home prices are not only among the most expensive in New Jersey, but Edgewater real estate also consistently ranks among the most expensive in America.
Also of interest is that Edgewater has more people living here who work in computers and math than 95% of the places in the US.
A relatively large number of people in Edgewater telecommute to their jobs. Overall, about 22.50% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Edgewater, while not large, also appears to be attractive to some younger, educated professionals, who help shape the character of the borough.
One downside of living in Edgewater is that it can take a long time to commute to work. In Edgewater, the average commute to work is 40.31 minutes, which is quite a bit higher than the national average. On the other hand, local public transit is widely used in the borough, so leaving the car at home and taking transit is often a viable alternative.
In Edgewater, a lot of people use the bus to get to work every day though Edgewater is a relatively small borough. Those that ride the bus are primarily traveling out of town to good jobs in other cities.
Do you like to read, write and learn? If you move to Edgewater, you'll likely find that many of your neighbors like to as well. Edgewater is one of the more educated communities in America, with a full 74.32% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.
The per capita income in Edgewater in 2022 was $92,821, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $371,284 for a family of four.
Edgewater is an extremely ethnically-diverse borough. The people who call Edgewater home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Edgewater residents report their race to be Asian, followed by White. Edgewater also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 12.32% of the borough’s residents. Important ancestries of people in Edgewater include Irish, Italian, German, Polish, and English.
Foreign born people are also an important part of Edgewater's cultural character, accounting for 51.21% of the borough’s population.
The most common language spoken in Edgewater is English. Other important languages spoken here include Korean and Spanish.