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:	294
5-9 years:	249
10-14 years:	229
15-19 years:	227
20-24 years:	198
25-29 years:	202
30-34 years:	253
35-39 years:	301
40-44 years:	298
45-49 years:	324
50-54 years:	345
55-59 years:	332
60-64 years:	275
65-69 years:	231
70-74 years:	180
75-79 years:	124
80-84 years:	89
85+ years:	93

Marital Status

Never Married:	1216
Now Married:	1734
Separated:	46
Widowed:	178
Divorced:	298

Median Income By Age

Under 25 years:	$47,500
25-44 years:	$106,053
45-64 years:	$83,042
Over 64 years:	$45,938

Household Income by Dollar Range

$0-$10,000	28
$10,000-$15,000	6
$15,000-$20,000	37
$20,000-$25,000	91
$25,000-$30,000	59
$30,000-$35,000	30
$35,000-$40,000	110
$40,000-$45,000	65
$45,000-$50,000	58
$50,000-$60,000	127
$60,000-$75,000	245
$75,000-$100,000	224
$100,000-$125,000	161
$125,000-$150,000	152
$150,000-$200,000	222
$200,000-$250,000	95
$250,000-$500,000	41
$500,000 up	34

Level of Education

No High School:	125
Some High School:	86
High School Grad:	879
Some College:	452
Associate Degree:	271
Bachelors Degree:	799
Graduate Degree:	435