Westwood Borough by the Numbers
In examining Westwood Borough, an incorporated area of New Jersey with 11,000 residents, one is immediately struck by its affluence. While it is far from one of the most affluent tons in the country, its citizenry do, on average, maintain a comfortable standard of living that belies the borough’s size. With more than half of its households earning in excess of the national income average, Westwood is, at the very least, a firmly-rooted middle class borough.
More than sixty percent of all Westwood Borough residents own their own home, and the median value of that home is nearly a quarter of a million dollars. The affluence of the area is demonstrated in the small number of homes currently vacant – less than three percent, as well as the minor disparity between the median home mortgage payment of slightly more than $1100, and the median rental cost of slightly less than $1,000.
Approximately 88% of residents in Westwood Borough have finished high school, with 59% of those having least some college. More than 40 % have at least an associate’s degree, with more than a third of the entire populace holding a bachelor’s or graduate degree. Westwood Borough is an obvious example of education translating into higher wages.
Westwood Borough is also one of the areas in the country with a low rate of divorce – only 11% divorced or separated. By contrast, 58% of its residents are married, with more than 20 % of the total population having never been joined in matrimony.
With a well-educated population, and easy transit to New York City via the train route, Westwood has positioned itself as an ideal location for upwardly mobile families to live. Suburban to the core, Westwood Borough has survived for more than one hundred years, building a standard of living and way of life that is the envy of many other cities around the country.
Article was written by Jeffrey Frasco. Visit: http://www.westwoodopenyoureyes.com for more information about the Westwood NJ Town Council.
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