Towaco is a city located in Morris County New Jersey. Towaco has a 2024 population of 5,862. Towaco is currently growing at a rate of 2.72% annually and its population has increased by 11.78% since the most recent census, which recorded a population of 5,244 in 2020.
The average household income in Towaco is $221,434 with a poverty rate of 2.4%. The median rental costs in recent years comes to - per month, and the median house value is -. The median age in Towaco is 43.3 years, 42.9 years for males, and 43.6 years for females.
According to the most recent ACS, the racial composition of Towaco was:
White
Asian
Two or more races
Black or African American
Other race
Native American
Native Hawaiian or Pacific Islander
Household Type | Count | Average Size | Owner | Renter |
|---|---|---|---|---|
| All | 1,916 | 2.86 | 94.9 | 5.1 |
| Married | 1,255 | 3.48 | 97 | 3 |
| Non Family | 509 | 1.2 | 91.4 | 8.6 |
| Female | 112 | 3.38 | 92.9 | 7.1 |
| Male | 40 | 2.78 | 82.5 | 17.5 |
3.41
Average Family Size
2.86
Average Household Size
94.9%
Rate of Home Ownership
Married
Male
Female
NonFamily
owner
renter
Male
Female
Less Than 9th Grade
9th to 12th Grade
High School Graduate
Some College
Associates Degree
Bachelors Degree
Graduate Degree
High School Graduation Rate
Bachelors Rate
The highest rate of high school graduation is among black people with a rate of 100%.
The highest rate of bachelors degrees is among asian people with a rate of 79.05%.
All
Male
Female
$100,729
Average Earnings
$115,924
Average Male
$83,321
Average Female
Only English
Spanish
Other Indo-European Languages
Asian and Pacific Island Languages
Other Languages
80.05% of Towaco residents speak only English, while 19.95% speak other languages. The non-English language spoken by the largest group is Other Indo-European, which is spoken by 8.84% of the population.
rate
2.4%
Overall Poverty Rate
1.94%
Male Poverty Rate
2.89%
Female Poverty Rate
The race most likely to be in poverty in Towaco is White, with 2.9% below the poverty level.
The race least likely to be in poverty in Towaco is White, with 2.9% below the poverty level.
The poverty rate among those that worked full-time for the past 12 months was 0%. Among those working part-time, it was 0.1%, and for those that did not work, the poverty rate was 9.86%.
Married
Widowed
Divorced
Separated
NeverMarried
57.3%
Overall Marriage Rate
57.7%
Male Marriage Rate
56.9%
Female Marriage Rate
male
female
The age group where males are most likely to be married is 35-44, while the female age group most likely to be married is 45-54.
Married
Widowed
Divorced
Separated
NeverMarried
Less Than 9th Grade
High School Graduate
Some College
Bachelors or Greater
20.65%
Veteran Poverty Rate
43.87%
Veteran Disability Rate
LaborForceParticipation
66.1%
Labor Force Participation
63.9%
Employment Rate
3.4%
Unemployment Rate
LaborForceParticipation
LaborForceParticipation
Europe
Asia
Africa
Oceania
Latin America
North America
Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.
Europe
Asia
Africa
Oceania
Latin America
North America
66.22%
Born in Towaco
82.41%
Native Born
17.59%
Foreign Born
1.82%
Non Citizen
15.78%
Naturalized
82.41% of Towaco residents were born in the United States, with 66.22% having been born in New Jersey. 1.82% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Asia.