Florham Park is a somewhat small borough located in the state of New Jersey. With a population of 13,325 people and three associated neighborhoods, Florham Park is the 153rd largest community in New Jersey.
Florham Park home prices are not only among the most expensive in New Jersey, but Florham Park real estate also consistently ranks among the most expensive in America.
Also of interest is that Florham Park 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: 23.32% 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, Florham Park is a college town. There are a lot of students in Florham Park attending college, and as a result Florham Park provides a number of services, amenities and opportunities geared to the needs and activities of students.
Florham Park, while not large, also appears to be attractive to some younger, educated professionals, who help shape the character of the borough.
In Florham Park, a lot of people use the train to get to work every day though Florham Park is a relatively small borough. Those that ride the train are primarily traveling out of town to good jobs in other cities.
If knowledge is power, Florham Park is a pretty powerful place. 67.81% of the adults in Florham Park 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 Florham Park in 2022 was $66,939, 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 $267,756 for a family of four.
Florham Park is a very ethnically-diverse borough. The people who call Florham Park home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Florham Park residents report their race to be White, followed by Asian. Florham Park also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 10.50% of the borough’s residents. Important ancestries of people in Florham Park include Italian, Irish, German, Polish, and Scottish.
The most common language spoken in Florham Park is English. Other important languages spoken here include Spanish and Chinese.