COMPARING TWO PLACES
Towaco vs Boonton
PLACE A
Towaco, New Jersey
VS
PLACE B
Boonton, New Jersey
Towaco is 37% smaller than Boonton. Towaco earns more, with a median household income $91,334 higher.
TOWACOBOONTONDIFFERENCE
Total population5,6128,920−37% vs Boonton
Population density9363,809−2,873
Population growth–5.6%–
Median age47.039.5+7.5
Male51.5%53.7%−2.2 pts
Female48.5%46.3%+2.2 pts
Foreign-born21.6%14.4%+7.1 pts
White, non-Hispanic74.8%70.3%+4.6 pts
Black1.9%4.7%−2.8 pts
Hispanic / Latino9.6%12.9%−3.4 pts
Asian13.2%6.5%+6.7 pts
Other0.5%5.7%−5.1 pts
Median household income$205,636$114,302+$91,334
Per capita income$96,322$50,298+$46,024
Poverty rate2.5%8.1%−5.6 pts
Income inequality (Gini)0.4830.408+0.1
Bachelor's degree or higher73.3%50.1%+23.2 pts
Graduate degree29.0%16.3%+12.7 pts
Unemployment rate2.0%6.9%−4.9 pts
Labor force participation65.2%71.1%−5.9 pts
Median home value$701,300$495,400+$205,900
Median gross rent$1,950$1,849+$101
Owner-occupied93.0%62.1%+30.9 pts
Housing vacancy rate0.0%7.1%−7.1 pts
Rent-burdened households46.2%51.7%−5.5 pts
Average commute35.722.4+13.4
Worked from home25.0%20.0%+5.0 pts
Public transit to work6.4%0.4%+5.9 pts
Uninsured2.2%5.9%−3.7 pts
Population, 2020 – 2024