CensusEasy
CITY · 2020 ACS

Towaco

New Jersey · 5,624 residents · 5.997 sq mi
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The short version

Towaco is significantly wealthier than the US average, with a median household income of $91,063. Population has held roughly steady since 2021. 65% of adults hold a bachelor's degree or higher, well above the national rate of 33%. Median home value is $486,600. With a median age of 44.3, the population is older than the US median of 38.8.

At a glance
Wealthier
above the US median
US median: $66,278
Older
median age 44.3
US median: 38.8
More educated
65% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

5,624
−2%vs 2021
vs 5,756 in 2021
2020 – 2024
938 / sq mi
−2%vs 2021
vs 960 / sq mi in 2021
US average: 280
44.3
+6%vs 2021
vs 41.9 in 2021
US average: 38.8
Population, 20202024
6K6K6K6K6K20202024Towaco
20246K
20202024
Section 02

Income & economy

$91,063
−33%inflation adjusted, since 2021
vs $143,102 in 2021
US average: $66,278
2020 – 2024
$57,554
−9%vs 2021
vs $63,471 in 2021
US average: $35,364
Households earning $100K+
55.8%
−11.1 ptsvs 2021
vs 66.9% in 2021
US average: 43.9%
2.6%
−1.2 ptsvs 2021
vs 3.7% in 2021
US average: 12.8%
Workforce by industry, 2020
Other services11.6%
US avg: 6.6%
Public administration9.2%
US avg: 4.7%
Wholesale trade8.7%
US avg: 6.7%
Information7%
US avg: 11.1%
Retail trade5.9%
US avg: 10%
Transportation & warehousing4.6%
US avg: 2.5%
Finance & insurance3.2%
US avg: 5.5%
Professional, scientific, technical3.2%
US avg: 4.7%
Arts, entertainment, food1.5%
US avg: 2%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
Education & health services0%
US avg: 0.8%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

$486,600
−1%inflation adjusted, since 2021
vs $515,000 in 2021
US average: $265,253
2020 – 2024
$2,653
+68%inflation adjusted, since 2021
vs $1,650 in 2021
US average: $1,124
91.6%
−6.5 ptsvs 2021
vs 98.1% in 2021
8.4% rent
5.3
+48%vs 2021
vs 3.6 in 2021
2020 – 2024
RELATED:See current rent listings in Towaco on RentDataNow
Section 04

Race & ethnicity

2021
White, non-Hispanic79.2%(4,556)
Black0%(0)
Hispanic / Latino10.2%(589)
Asian8.8%(504)
Other1.9%(107)
Diversity Score44.4%(2,554)
2020
White, non-Hispanic72.7%(4,090)
Black1%(54)
Hispanic / Latino8.4%(471)
Asian14.5%(818)
Other1.8%(102)
Diversity Score53.1%(2,984)
53
+20%vs 2021
vs 44 in 2021
2020 – 2024
Section 05

Education

65.1%
−4.2 ptsvs 2021
vs 69.3% in 2021
US average: 32.9%
High school or higher
98.3%
−0.2 ptsvs 2021
vs 98.6% in 2021
US average: 88.5%
22.7%
−5.0 ptsvs 2021
vs 27.8% in 2021
US average: 12.7%
Section 06

Commute & transportation

29.8 min
−2%vs 2021
vs 30.4 min in 2021
US average: 26.9
82.3%
+5.7 ptsvs 2021
vs 76.6% in 2021
US average: 75.1%
0.7%
+0.7 ptsvs 2021
vs 0.0% in 2021
US average: 8.4%
Section 07

Work & employment

3.6%
−0.7 ptsvs 2021
vs 4.3% in 2021
US average: 5.4%
60.0%
−4.7 ptsvs 2021
vs 64.7% in 2021
US average: 63.4%
54.1%
−3.4 ptsvs 2021
vs 57.6% in 2021
US average: 39.3%
Section 08

People & community

49.6%
−0.4 ptsvs 2021
vs 50.0% in 2021
50.4%
+0.4 ptsvs 2021
vs 50.0% in 2021
21.7%
+5.4 ptsvs 2021
vs 16.3% in 2021
US average: 13.5%
6.0%
+1.3 ptsvs 2021
vs 4.7% in 2021
US average: 8.8%
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Frequently asked

How many people live in Towaco, New Jersey?

Towaco, New Jersey has about 5,624 residents according to the 2020 American Community Survey.

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

The typical household in Towaco, New Jersey earns about $91,063 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 $486,600, and the typical rent is about $2,653 a month.

How educated are people in Towaco, New Jersey?

About 65.1% 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 2.6% of people in Towaco, New Jersey live below the federal poverty line.

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

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