Florham Park is a medium-sized borough located in the state of New Jersey. With a population of 14,533 people and three associated neighborhoods, Florham Park is the 153rd largest community in New Jersey. Much of the housing stock in Florham Park was built relatively recently. The construction of new real estate can often be taken as an indication that the local Florham Park economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Florham Park, where the median household income is $158,696.00.
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.
A relatively large number of people in Florham Park telecommute to their jobs. Overall, about 30.87% 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.
Florham Park is also a college town, where lots of students live while attending area colleges. Because of the high percentage of people living in Florham Park enrolled in college, Florham Park has a number of services, amenities and opportunities geared towards 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.
Even though Florham Park 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.
Do you like to read, write and learn? If you move to Florham Park, you'll likely find that many of your neighbors like to as well. Florham Park is one of the more educated communities in America, with a full 69.93% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.
The per capita income in Florham Park in 2022 was $78,037, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $312,148 for a family of four.
Florham Park is an extremely 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. Important ancestries of people in Florham Park include Italian, Irish, German, English, and Polish.
In addition, Florham Park has a lot of people living here who were born outside of the US (15.34%).
The most common language spoken in Florham Park is English. Other important languages spoken here include Chinese and Langs. of India.