A small city in New Jersey, Collingswood has a population of slightly more than 14,000. Young professionals will fit right in, as they account for an above-average percentage of the population. Residents are fairly evenly split between owning (52%) and renting (48%) their residence. With a relatively reasonable average rent of $1,142 per month in the city, renting remains an affordable option, particularly compared to other cities in New Jersey. Over the course of 12 months, renters in Collingswood will save around $1,600 compared to the state average.
With an average commute time of about 30 minutes, faster than most cities in the state, Collingswood residents know that getting to work isn't overly time-consuming. Many residents (44%) commute to work by car or truck, while public transit is used by only 9% of the city. A small percentage of workers commute on foot.
Collingswood has a high number of residents older than 25 who have advanced degrees compared to the national average (7%), as 11% have earned a Master's degree or a Doctorate. Furthermore, 20% have earned a Bachelor's degree, which also outpaces the national average. If you're looking for a variety of career options, Collingswood has plenty. The five most common industries are healthcare, education, retail, scientific, and entertainment. Together, these industries make up 39% of the workforce in the city. Meanwhile, looking at job function, 10% of residents work in management, which ranks as the top profession in the city. With an average annual income of around $87,000, Collingswood workers earn about the same as their peers elsewhere in New Jersey. However, Collingswood compares more favorably to the national average of $73,345.