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. 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 $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.Edgewater is a decidedly white-collar borough, with fully 95.46% 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 management occupations (19.77%), business and financial occupations (17.30%), and sales jobs (10.54%). 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. One interesting thing about the economy is that relatively large numbers of people worked from their home: 22.50% 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 Edgewater, however, the average commute to work is quite long. On average, people spend 40.31 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, 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.If knowledge is power, Edgewater is a pretty powerful place. 74.32% of the adults in Edgewater 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 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. Edgewater also has a high percentage of its population that was born in another country: 51.21%. The most common language spoken in Edgewater is English. Other important languages spoken here include Korean and Spanish.
