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. Telecommuters are a relatively large percentage of the workforce: 19.06% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. 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 Caldwell, however, the average commute to work is quite long. On average, people spend 30.19 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. In addition, the borough is also quite pedestrian-friendly, because many neighborhoods are very dense and have amenities close enough together that people find it feasible to get around on foot. 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. In addition, Caldwell has a lot of people living here who were born outside of the US (18.51%). The most common language spoken in Caldwell is English. Other important languages spoken here include Spanish and Chinese.
