Edgewater is a somewhat small borough located in the state of New Jersey. With a population of 13,364 people and two constituent neighborhoods, Edgewater is the 178th largest community in New Jersey. Much of the housing stock in Edgewater was built relatively recently. The construction of new real estate can often be taken as an indication that the local Edgewater economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Edgewater, where the median household income is $127,221.00.
Housing costs in Edgewater 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.
Edgewater is a decidedly white-collar borough, with fully 92.94% of the workforce employed in white-collar jobs, well above the national average. Overall, Edgewater is a borough of managers, professionals, and sales and office workers. There are especially a lot of people living in Edgewater who work in business and financial occupations (20.81%), management occupations (16.32%), and sales jobs (14.10%).
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.
Of important note, Edgewater is also a borough of artists. Edgewater has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Edgewater’s character.
A relatively large number of people in Edgewater telecommute to their jobs. Overall, about 7.40% 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.
In addition to being popular with young singles, Edgewater is also home to many people who can 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.
One downside of living in Edgewater, however, is that residents on average have to contend with a long commute, spending on average 40.01 minutes every day commuting to work. However, local public transit is widely used. For those who would prefer to avoid driving entirely and leave their car at home, it may be an option to use the transit instead.
Despite being a small borough, Edgewater has a lot of people using the bus to get to and from work every day. Most of these people on the bus 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 Edgewater. 73.50% 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 Edgewater in 2018 was $70,607, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $282,428 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 White, followed by Asian. Edgewater also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 13.10% of the borough’s residents. Important ancestries of people in Edgewater include Irish, German, Russian, Italian, and Turkish.
In addition, Edgewater has a lot of people living here who were born outside of the US (45.92%).
The most common language spoken in Edgewater is English. Other important languages spoken here include Korean and Spanish.