CensusEasy
CITY

Towaco

New Jersey · 5,612 residents · 5.997 sq mi
Time machine
VIEWING
COMPARE TO
Part of the New York metro area
Compare
Notable rankings
#153Highest median household incomeof 6,818$205,636#244Lowest poverty rateof 6,8232.5%#250Most educatedof 6,82673.3%#253Highest homeownership rateof 6,82393.0%
The short version

Towaco is significantly wealthier than the US average, with a median household income of $205,636. Population has held roughly steady since 2023. 73% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $701,300. With a median age of 47.0, the population is older than the US median of 38.9. It ranks in the top 1% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 47.0
US median: 38.9
More educated
73% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
5,612
Unchangedsince 2023
from 5,627 in 2023
2020 – 2024
Population density
936 / sq mi
Unchangedsince 2023
from 938 / sq mi in 2023
US average: 281
Median age
47.0
+1%since 2023
from 46.4 in 2023
US average: 38.9
Population, 2020 – 2024
6K6K6K6K6K20202024Towaco
20246K
20202024
Age distribution, 2024
Under 55.5%(310)
US avg: 5.6%
5 to 96.1%(345)
US avg: 6%
10 to 147.1%(397)
US avg: 6.4%
15 to 195.3%(296)
US avg: 6.6%
20 to 244.9%(275)
US avg: 6.5%
25 to 345.4%(305)
US avg: 13.7%
35 to 4413.5%(755)
US avg: 13.2%
45 to 5410.5%(591)
US avg: 12.2%
55 to 6416.5%(928)
US avg: 12.7%
65 to 7412.4%(698)
US avg: 10.2%
75 to 843.2%(177)
US avg: 5.1%
85 and over9.5%(535)
US avg: 1.9%
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Section 02

Income & economy

Median household income
$205,636
+1%inflation adjusted, since 2023
from $197,696 in 2023
US average: $82,259
2020 – 2024
Per capita income
$96,322
+6%since 2023
from $90,740 in 2023
US average: $44,673
Households earning $100K+
73.5%
+1.2 ptssince 2023
from 72.4% in 2023
US average: 53.3%
Poverty rate
2.5%
+0.9 ptssince 2023
from 1.6% in 2023
US average: 12.5%
Income inequality (Gini)
0.483
Unchangedsince 2023
from 0.481 in 2023
US average: 0.476
Workforce by industry, 2024
Other services16.4%
US avg: 6.7%
Public administration13.4%
US avg: 4.8%
Information8.5%
US avg: 10.8%
Retail trade8.1%
US avg: 9.9%
Wholesale trade5.8%
US avg: 6.9%
Transportation & warehousing1.7%
US avg: 2.2%
Arts, entertainment, food1.2%
US avg: 1.9%
Finance & insurance0.5%
US avg: 5.9%
Professional, scientific, technical0.5%
US avg: 5.1%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Education & health services0%
US avg: 0.9%
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Section 03

Housing

Median home value
$701,300
−1%inflation adjusted, since 2023
from $690,900 in 2023
US average: $376,019
2020 – 2024
Median gross rent
$1,950
−31%inflation adjusted, since 2023
from $2,726 in 2023
US average: $1,442
Owner-occupied
93.0%
−1.9 ptssince 2023
from 94.9% in 2023
7.0% rent
Vacancy rate
0.0%
−1.4 ptssince 2023
from 1.4% in 2023
US average: 10.0%
Owner cost-burdened
17.5%
−3.6 ptssince 2023
from 21.1% in 2023
US average: 22.9%
Renter cost-burdened
46.2%
+9.3 ptssince 2023
from 36.9% in 2023
US average: 47.4%
Afford Score
3.4
−2%since 2023
from 3.5 in 2023
2020 – 2024
Our index: median home value divided by median household income. Lower is more affordable.
RELATED:See current rent listings in Towaco on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic76.5%(4,304)
Black1.8%(99)
Hispanic / Latino6.8%(383)
Asian14.4%(813)
Other0.5%(28)
2024
White, non-Hispanic74.8%(4,200)
Black1.9%(106)
Hispanic / Latino9.6%(537)
Asian13.2%(739)
Other0.5%(30)
Diversity Score
52
+6%since 2023
from 49 in 2023
2021 – 2024
Our index, 0 to 100. Higher means a more even mix of racial and ethnic groups.
Section 04 · Origins

Detailed origins & ancestry

Hispanic origin
Puerto Rican2.6%(145)
Guatemalan2.1%(120)
Dominican2.1%(118)
Ecuadorian0.7%(42)
Cuban0.7%(41)
Argentine0.6%(35)
Colombian0.4%(22)
Spaniard0.2%(14)
Asian origin
Chinese6.5%(364)
Korean2.7%(152)
Asian Indian2.3%(130)
Taiwanese1.3%(73)
Ancestry
Italian26.9%(1,508)
Irish24.6%(1,383)
German11.7%(658)
Polish6%(334)
Ukrainian4.3%(241)
American3.1%(172)
English2.2%(123)
Portuguese1.9%(106)
French1.8%(103)
Russian1.8%(99)
Dutch1.3%(73)
Scotch-Irish1.3%(72)
+ 11 more ancestry groups with data
Hungarian1.2%(69)
Greek1%(54)
Scottish0.8%(46)
Arab0.7%(41)
Armenian0.7%(37)
Slovak0.6%(33)
Lithuanian0.5%(30)
Syrian0.5%(27)
Egyptian0.2%(14)
Czech0.2%(13)
Swedish0.2%(11)
RANKED:Largest Italian population · Largest Irish population · Largest German population · Largest Chinese population · Largest Polish population
Section 05

Education

Bachelor's degree or higher
73.3%
+0.3 ptssince 2023
from 73.0% in 2023
US average: 35.6%
High school or higher
98.0%
−1.8 ptssince 2023
from 99.7% in 2023
US average: 89.6%
Graduate degree
29.0%
−0.2 ptssince 2023
from 29.2% in 2023
US average: 14.0%
Section 06

Commute & transportation

Average commute
35.7 min
+7%since 2023
from 33.5 min in 2023
US average: 26.5
Drive alone to work
65.3%
−3.7 ptssince 2023
from 69.0% in 2023
US average: 68.9%
Carpooled to work
2.8%
+0.5 ptssince 2023
from 2.3% in 2023
US average: 8.5%
Public transit
6.4%
+0.6 ptssince 2023
from 5.7% in 2023
US average: 3.2%
Worked from home
25.0%
+2.5 ptssince 2023
from 22.5% in 2023
US average: 15.0%
Walked to work
0.0%
Unchangedsince 2023
from 0.1% in 2023
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
No vehicle available
1.5%
+0.5 ptssince 2023
from 1.0% in 2023
US average: 8.3%
Section 07

Work & employment

Unemployment rate
2.0%
−0.9 ptssince 2023
from 2.9% in 2023
US average: 5.2%
Labor force participation
65.2%
−0.4 ptssince 2023
from 65.6% in 2023
US average: 63.5%
Self-employed
15.2%
+2.5 ptssince 2023
from 12.7% in 2023
US average: 13.1%
Management & professional
68.1%
−0.3 ptssince 2023
from 68.4% in 2023
US average: 42.5%
Section 08

People & community

Male
51.5%
+0.3 ptssince 2023
from 51.3% in 2023
Female
48.5%
−0.3 ptssince 2023
from 48.7% in 2023
Foreign born
21.6%
+1.6 ptssince 2023
from 20.0% in 2023
US average: 14.1%
Veterans
3.3%
−0.5 ptssince 2023
from 3.8% in 2023
US average: 6.2%
With a disability
12.2%
−0.9 ptssince 2023
from 13.1% in 2023
US average: 13.3%
Uninsured
2.2%
+1.2 ptssince 2023
from 1.0% in 2023
US average: 8.4%
Broadband at home
98.1%
+3.0 ptssince 2023
from 95.1% in 2023
US average: 91.0%
English only at home
75.0%
−2.7 ptssince 2023
from 77.7% in 2023
US average: 77.7%
Spanish at home
8.1%
+2.9 ptssince 2023
from 5.2% in 2023
US average: 13.6%
Marital status
Men 15+
Never married20.2%(452)
Married66.3%(1,484)
Widowed11%(247)
Divorced2.4%(54)
Women 15+
Never married22.7%(527)
Married63.2%(1,467)
Widowed8.4%(194)
Divorced5.8%(135)
SHARE WITHIN EACH SEX · POPULATION 15 AND OVER · 2024
Drill deeper

Places similar to Towaco

Atherton
Pop 6,960
Indian River Shores
Pop 4,467
Longboat Key
Pop 7,359
Highland Beach
Pop 4,328
Places similar to Towaco
Head to head

Compare Towaco to nearby cities

TOWACO VS
Lincoln Park
Income$123,397−40%
Home value$443,300−37%
Population10,950+95%
SEE FULL COMPARISON →
TOWACO VS
Pompton Plains
Income$117,959−43%
Home value$539,000−23%
Population10,971+95%
SEE FULL COMPARISON →
TOWACO VS
Boonton
Income$114,302−44%
Home value$495,400−29%
Population8,920+59%
SEE FULL COMPARISON →
TOWACO VS
Lake Hiawatha
Income$104,663−49%
Home value$428,600−39%
Population11,018+96%
SEE FULL COMPARISON →
Frequently asked

How many people live in Towaco, New Jersey?

Towaco, New Jersey has about 5,612 residents according to the 2024 American Community Survey.

What is the median household income in Towaco, New Jersey?

The typical household in Towaco, New Jersey earns about $205,636 a year. Half of households make more than that, and half make less.

Is Towaco, New Jersey expensive?

In Towaco, New Jersey, the median home is worth about $701,300, and the typical rent is about $1,950 a month.

How educated are people in Towaco, New Jersey?

About 73.3% of adults age 25 and over in Towaco, New Jersey hold a bachelor's degree or higher.

What is the poverty rate in Towaco, New Jersey?

About 2.5% of people in Towaco, New Jersey live below the federal poverty line.

Keep going

Explore from here

Up the hierarchy
New Jersey
Rankings
Highest income citiesFastest growing citiesMost educated cities
Compare
Compare Towaco with another place

DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →