Towaco

Population: 5,627
Median household income: $197,696
Median home value: $690,900

Located in Morris County, New Jersey, Towaco is a community with a population of 5,627. At $197,696, its median household income sits above Morris County's $134,929.

From 2020 to 2023, Towaco's population grew 7.3% from 5,244 to 5,627, while its median home value rose 42.0% from $486,600 to $690,900.

The median resident is 46.4 years old. The largest age group is 55 to 64, 18.2% of residents.

Demographics

ACS 2019–2023

Population: 5,627
Median age: 46.4 yrs
Median household income: $197,696
Median home value: $690,900
Median gross rent: $2,726
Housing units: 2,052
Homeownership rate: 94.9%
Bachelor's degree or higher: 73.0%
Unemployment rate: 2.9%

Trends

ACS 5-year · 2019–2023

Population

5,2445,627

Median household income

$91,063$197,696

Median home value

$486,600$690,900

Median gross rent

$2,653$2,726

Year	Population	Median household income	Median home value	Median gross rent
2020	5,244	$91,063	$486,600	$2,653
2021	5,756	$143,102	$515,000	$1,650
2022	5,553	$154,432	$634,800	$1,848
2023	5,627	$197,696	$690,900	$2,726

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 54.9%

5 to 1717.4%

18 to 247.9%

25 to 345.2%

35 to 4413.2%

45 to 5411.6%

55 to 6418.2%

65 to 748.7%

75 and over12.8%

	Count	Share
Under 5	278	4.9%
5 to 17	978	17.4%
18 to 24	447	7.9%
25 to 34	295	5.2%
35 to 44	742	13.2%
45 to 54	655	11.6%
55 to 64	1,022	18.2%
65 to 74	489	8.7%
75 and over	721	12.8%

Race & ethnicity

	Count	Share
White (non-Hispanic)	4,304	76.5%
Black or African American	99	1.8%
American Indian & Alaska Native	0	0.0%
Asian	813	14.4%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	28	0.5%
Hispanic or Latino (any race)	383	6.8%

Educational attainment (age 25+)

No high school diploma0.3%

High school graduate16.8%

Some college or associate's9.9%

Bachelor's degree43.9%

Graduate or professional degree29.2%

	Count	Share
No high school diploma	11	0.3%
High school graduate	660	16.8%
Some college or associate's	387	9.9%
Bachelor's degree	1,721	43.9%
Graduate or professional degree	1,145	29.2%

Commute to work

Mean travel time to work: 33 min

Drove alone69.0%

Carpooled2.3%

Public transit5.7%

Walked0.1%

Bicycle0.0%

Worked from home22.5%

Other means0.4%

How workers get to work

	Count	Share
Drove alone	1,935	69.0%
Carpooled	65	2.3%
Public transit	161	5.7%
Walked	2	0.1%
Bicycle	0	0.0%
Worked from home	631	22.5%
Other means	10	0.4%

Travel time

	Count	Share
Under 15 min	361	16.6%
15 to 29 min	765	35.2%
30 to 44 min	435	20.0%
45 to 59 min	150	6.9%
60+ min	462	21.3%

Households

Average household size: 2.75
Poverty rate: 1.6% (89 of 5,573)

	Count	Share
Family households	1,483	73.3%
Nonfamily households	541	26.7%

Housing

Median year structure built: 1973

Occupancy

	Count	Share
Occupied	2,024	98.6%
Vacant	28	1.4%

Tenure (of occupied units)

	Count	Share
Owner-occupied	1,921	94.9%
Renter-occupied	103	5.1%

1-unit, detached88.1%

1-unit, attached9.6%

2 to 4 units0.0%

5 to 19 units2.3%

20 or more units0.0%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	1,807	88.1%
1-unit, attached	197	9.6%
2 to 4 units	0	0.0%
5 to 19 units	48	2.3%
20 or more units	0	0.0%
Mobile home & other	0	0.0%

Geography

Place GEOID: 3473170
Type (LSAD): 57
Land area: 6 sq mi
Water area: 0.06 sq mi
Center point: 40.9269, -74.3424