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: 24.69% 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 educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.

Because of many things, Fanwood is a great place for families with children to consider. First of all, many other families with children live here, making Fanwood a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The borough’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Fanwood has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Fanwood’s overall crime rate is lower than average for the country.

In Fanwood, however, the average commute to work is quite long. On average, people spend 37.17 minutes each day getting to work, which is significantly higher than the national average. One bright side is that local public transit is widely used, so it may be an option to avoid the headache of driving in the heavy traffic by leaving the car at home and taking transit.

Despite being a small borough, Fanwood has a lot of people using the train to get to and from work every day. Most of these people on the train are using it to get to good jobs in other cities.

Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Fanwood. 71.20% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.

The per capita income in Fanwood in 2022 was $71,378, which is upper middle income relative to New Jersey, and wealthy relative to the rest of the US. This equates to an annual income of $285,512 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. Fanwood also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 11.36% of the borough’s residents. Important ancestries of people in Fanwood include Irish, Italian, German, Polish, and English.

Foreign born people are also an important part of Fanwood's cultural character, accounting for 17.58% of the borough’s population.

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