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Towaco, New Jersey

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
5,612
Population
$205,636
Median Income
$701,300
Home Value
47.0
Median Age

Demographics

Towaco has a population of 5,612 with a median age of 47.0. Here is the racial and ethnic breakdown of the population:

White
76.2%
Asian
13.2%
Hispanic
9.6%
Black
2.6%
Demographic Value
Total Population5,612
Median Age47.0
White76.2%
Black or African American2.6%
Asian13.2%
Hispanic or Latino9.6%
Towaco, New Jersey — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 102.White: 75.0%Asian: 13.0%Hispanic/Latino: 9.4%Black: 2.6%5,612PopulationWhiteWhite75.0%AsianAsian13.0%Hispanic/LatinoHispanic/Latino9.4%BlackBlack2.6%

Income & Economy

The median household income in Towaco is $205,636, which is 155.1% above the national median of $80,610. The per capita income is $96,322. The poverty rate is 2.5%.

$205,636
Median Household Income
$96,322
Per Capita Income
2.5%
Poverty Rate

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Education

In Towaco, 98.0% of residents age 25+ have a high school diploma or higher, and 73.3% hold a bachelor's degree or higher (29.0% with a graduate or professional degree).

HS Diploma+
98.0%
Bachelor's+
73.3%
Graduate+
29.0%
Education Level % of Adults (25+)
High School Diploma or Higher98.0%
Bachelor's Degree or Higher73.3%
Graduate or Professional Degree29.0%

Housing

The median home value in Towaco is $701,300, above the national median of $303,400. The median monthly rent is $1,950. The homeownership rate is 93.0%.

$701,300
Median Home Value
$1,950/mo
Median Rent
93.0%
Homeownership Rate
Housing Metric Value
Median Home Value$701,300
Median Monthly Rent$1,950
Homeownership Rate93.0%

Salaries in New Jersey

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Frequently Asked Questions

What is the population of Towaco, New Jersey?
The population of Towaco, New Jersey is 5,612 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Towaco, New Jersey?
The median household income in Towaco, New Jersey is $205,636. This is 155.1% above the national median of $80,610.
What is the median home value in Towaco, New Jersey?
The median home value in Towaco, New Jersey is $701,300. The median monthly rent is $1,950.
What percentage of people in Towaco have a college degree?
In Towaco, New Jersey, 73.3% of adults age 25 and older hold a bachelor's degree or higher, and 98.0% have a high school diploma or higher.
Is Towaco, New Jersey an affordable place to live?
The home price-to-income ratio in Towaco, New Jersey is 3.4x (median home value $701,300 vs. median income $205,636), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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