Caldwell is a somewhat small borough located in the state of New Jersey. With a population of 8,847 people and five associated neighborhoods, Caldwell is the 218th largest community in New Jersey. Housing costs in Caldwell 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.Caldwell is a decidedly white-collar borough, with fully 92.53% of the workforce employed in white-collar jobs, well above the national average. Overall, Caldwell is a borough of professionals, managers, and sales and office workers. There are especially a lot of people living in Caldwell who work in management occupations (16.07%), sales jobs (13.51%), and teaching (10.94%). Also of interest is that Caldwell 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 Caldwell telecommute to their jobs. Overall, about 19.06% 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. One downside of living in Caldwell, however, is that residents on average have to contend with a long commute, spending on average 30.19 minutes every day commuting to work. It is, however, a pedestrian-friendly borough. Many of its neighborhoods are dense enough and have amenities close enough together that people find it feasible to get around on foot. In addition, 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. Even though Caldwell is a smaller borough, it has many people who hop on public transportation – mostly the bus for their daily commute to work. Typically, these people are commuting to good jobs in the surrounding cities.If knowledge is power, Caldwell is a pretty powerful place. 61.54% of the adults in Caldwell 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 Caldwell in 2022 was $60,262, 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 $241,048 for a family of four. Caldwell is an extremely ethnically-diverse borough. The people who call Caldwell home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Caldwell residents report their race to be White, followed by Asian. Caldwell also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 11.81% of the borough’s residents. Important ancestries of people in Caldwell include Italian, Irish, German, Polish, and English. Caldwell also has a high percentage of its population that was born in another country: 18.51%. The most common language spoken in Caldwell is English. Other important languages spoken here include Spanish and Chinese.
