Towaco

County:: Morris County
County Seat:: No
Area (mi²):: 5.997
State:: New Jersey

Towaco is a CDP located in Morris County, New Jersey. Towaco has a 2025 population of 6,941. Towaco is currently growing at a rate of 7.15% annually and its population has increased by 32.36% since the most recent census, which recorded a population of 5,244 in 2020.

The average household income in Towaco is $245,847 with a poverty rate of 1.6%. The median age in Towaco is 46.4 years: 45.3 years for males, and 47.4 years for females.

Demographics

The racial composition of Towaco includes 78.23% White, 14.45% Asian, and smaller percentages for Black or African American, Native American, Native Hawaiian or Pacific Islander, other race and multiracial populations.

Population by Race

White

Asian

Two or more races

Black or African American

Native American

Native Hawaiian or Pacific Islander

Other race

Race	Population	Percentage (of total)
White	4,402	78.23%
Asian	813	14.45%
Two or more races	278	4.94%
Black or African American	134	2.38%
Native American	0	0%
Native Hawaiian or Pacific Islander	0	0%
Other race	0	0%

Towaco Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

Towaco's average per capita income is $106,491. Household income levels show a median of $197,696. The poverty rate stands at 1.6%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.

Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.

Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.

Name	Median	Mean
Married Families	$238,429	-
Families	$232,750	$302,324
Households	$197,696	$245,847
Non Families	$55,653	$68,561

$106,491

Average Income

$197,696

Median Household Income

1.6%

Poverty Rate