Welcome to Edison, New Jersey
A city that is as vibrant and diverse as it is welcoming. With its unique blend of cultural richness, economic dynamism, and friendly community spirit, Edison has something for everyone. Let’s take a closer look at key demographic, economic, and social characteristics that make this city a prime destination for potential residents or investors.
Average Salary in Edison
Its average salary is a central indicator of Edison’s robust economy. The earnings compete favorably with many other locations nationwide, with a figure standing at $73,000. This competitive wage, combined with a wide range of job opportunities in sectors as diverse as Manufacturing, healthcare, education, retail, hospitality makes Edison an ideal location for professionals from various walks of life.
Median Home Value in Edison
The real estate landscape in Edison is as varied as it is promising. The median home value is $390,000, offering everything from cosy starter homes to luxurious residences. An impressive homeownership rate of 34.20% underlines Edison as a prime spot for long-term investment and stability.
For those who prefer the flexibility of renting, they’ll be in good company. 65.80% of the local populace choose to rent, drawn by a versatile rental market that offers options for everyone from recent graduates to retirees.
Credit Ratings and Loan Opportunities in Edison
The financial health of a city’s residents can be crucial in numerous aspects, including the capacity to secure loans. In New Jersey, the average credit score sits at 724. This rating is a key factor for financial institutions when offering loans, with higher scores often leading to more favorable loan conditions.
However, a low credit score is not a roadblock in Edison. Numerous lenders in the city are specialists in offering guidance and loan solutions to individuals across the credit score spectrum, ensuring everyone has the opportunity to realize their financial goals.
Demographics and Density in Edison
Edison has a population of around 107,626 inhabitants. These residents are comfortably spread across 30.1 sq mi (or 78.0 km2), ensuring a comfortable balance of urban life without the pressures of overpopulation. The city’s population density stands at 3,574 individuals per square mile, offering a sense of community while still allowing for personal space.
Economic Landscape in Edison
Edison enjoys a thriving economy with Manufacturing, healthcare, education, retail, hospitality being the major contributors. The proximity of the nearest airport (Newark Liberty International Airport (EWR)), amplifies the city’s attractiveness for businesses seeking to expand or set up shop, offering excellent connectivity with both national and international markets. The city’s average credit score of 724 reflects a financially responsible and economically active populace.
Educational Opportunities in Edison
Edison holds education in high esteem. The city boasts top-ranking schools, such as Edison Township Public Schools, Middlesex County College, J.P. Stevens High School, Edison High School, Wardlaw+Hartridge School, providing excellent educational opportunities from the foundational levels. For higher education, prestigious institutions like Middlesex County College, DeVry University-New Jersey and Berkeley College-Woodland Park, produce a well-educated, competent workforce contributing to Edison’s vibrant economy and societal fabric.
City’s Alias: Edison
Affectionately known as ‘The Birthplace of the Technological Revolution or E-Town‘, Edison, positioned at 40.50°N 74.35°W, is celebrated for its energetic culture, committed efforts to preserve its rich history, and the superior lifestyle it provides its residents. Whether you’re a potential resident, investor, or visitor, Edison promises a rewarding and enriching experience.
Recreation and Lifestyle in Edison
Experience the exciting pace of life in Edison, where many recreational activities await. Whether you’re an art enthusiast, a sports fanatic, or a nature lover, Edison caters to all. Popular attractions include Thomas Edison Center, Roosevelt Park and Menlo Park Mall, providing a rich mixture of educational and entertainment experiences.
The city’s commitment to promoting a balanced lifestyle is further showcased by its array of parks and open spaces, ideal for relaxation or active pursuits. Not to forget Edison’s vibrant events calendar, filled with cultural festivals, sporting events, and community gatherings that highlight the city’s spirit of camaraderie.