Fanwood is a somewhat small borough located in the state of New Jersey. With a population of 7,655 people and two associated neighborhoods, Fanwood is the 248th largest community in New Jersey.

Housing costs in Fanwood are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in New Jersey.

Also of interest is that Fanwood has more people living here who work in computers and math than 95% of the places in the US.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 24.81% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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.

In addition, Fanwood is home to many people who could be described as "urban sophisticates". Urban sophisticates are people who are both educated and wealthy, and thus tend to be older, richer, and more established than young professionals. "Urban sophisticates" is not just about being educated and well-off financially: it is a point of view and state of mind, one that you might call 'urbaneness'. But such people can and do regularly live in small towns, suburbs and rural areas, as well as in big cities. They read, support the arts and high-end shops, and love travel.

Fanwood is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The borough’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Fanwood’s overall crime rate is lower than average for the country.

One downside of living in Fanwood is that it can take a long time to commute to work. In Fanwood, the average commute to work is 36.89 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.

Even though Fanwood is a smaller borough, it has many people who hop on public transportation – mostly the train for their daily commute to work. Typically, these people are commuting to good jobs in the surrounding cities.

If knowledge is power, Fanwood is a pretty powerful place. 72.01% of the adults in Fanwood have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.

The per capita income in Fanwood in 2022 was $73,487, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $293,948 for a family of four.

Fanwood is a very ethnically-diverse borough. The people who call Fanwood home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Fanwood residents report their race to be White, followed by Asian. Important ancestries of people in Fanwood include Irish, Italian, German, Polish, and English.

The most common language spoken in Fanwood is English. Other important languages spoken here include Spanish and Italian.