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Fanwood has the 2953rd largest population in the United States. The population grew by 4.6% from 2010 to 2015, which was faster than the national average. Fanwood is part of the New York City metro area. Unemployment in the New York City area is 4%, which is lower than the national average, and is getting better. New York City has the largest local economy in the US, and a high cost of living. The average pay for jobs in Fanwood is above average at $61,300, and the median cost of a home in Fanwood is $399,500, which is above the national average. 59% of workers in Fanwood hold a bachelors degree or higher (above average), and 98% of workers have a high school degree (above average). Driving to work is especially common in Fanwood. 67% of Fanwood workers drive to work alone, 11% take public transit, 8% carpool, and 13% walk. People in Fanwood spend an average of 36 minutes commuting to work, which is longer than the national average of 26 minutes.

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