During the 1890's, John R. Maxwell, one-time president of the Central Railway of New Jersey, acquired large tracts of land in what is now the borough and formed the Garwood Land and Improvement Company. The name "Garwood," which was applied to the settlement some years before the incorporation of the Borough, was in honor of Samuel Garwood, the first president of the Land Company. The Borough of Garwood was incorporated on February 25, 1903. Prior to this, the town was part of Westfield and Cranford.

Population - Age Range

0-4 years:	303
5-9 years:	267
10-14 years:	253
15-19 years:	239
20-24 years:	203
25-29 years:	215
30-34 years:	244
35-39 years:	318
40-44 years:	315
45-49 years:	329
50-54 years:	362
55-59 years:	355
60-64 years:	303
65-69 years:	240
70-74 years:	202
75-79 years:	131
80-84 years:	92
85+ years:	87

Marital Status

Never Married:	1133
Now Married:	1893
Separated:	36
Widowed:	180
Divorced:	393

Median Income By Age

Under 25 years:	$47,500
25-44 years:	$85,033
45-64 years:	$88,996
Over 64 years:	$48,250

Household Income by Dollar Range

$0-$10,000	36
$10,000-$15,000	35
$15,000-$20,000	41
$20,000-$25,000	94
$25,000-$30,000	40
$30,000-$35,000	24
$35,000-$40,000	113
$40,000-$45,000	100
$45,000-$50,000	56
$50,000-$60,000	120
$60,000-$75,000	241
$75,000-$100,000	237
$100,000-$125,000	199
$125,000-$150,000	103
$150,000-$200,000	301
$200,000-$250,000	78
$250,000-$500,000	33
$500,000 up	26

Level of Education

No High School:	136
Some High School:	41
High School Grad:	905
Some College:	576
Associate Degree:	227
Bachelors Degree:	850
Graduate Degree:	458