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. There's nothing like the smell of a brand new house, and in Florham Park, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Florham Park, and putting down their money on brand new construction. Florham Park’s real estate is, on average, some of the newest in the nation. Florham Park does seem to be experiencing an influx of affluent people, because 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 have a 4-year college degree or graduate degree? If so, you may feel right at home in Florham Park. 69.93% 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 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.
Foreign born people are also an important part of Florham Park's cultural character, accounting for 15.34% of the borough’s population.
The most common language spoken in Florham Park is English. Other important languages spoken here include Chinese and Langs. of India.