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Towaco CDP, New Jersey

City

Population: 5,627 (2023 estimate)

Located in New Jersey , New Jersey

Census Bureau data for Towaco CDP from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.

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Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).

Quick Facts — Towaco CDP

What is the median household income in Towaco CDP?
The median household income in Towaco CDP is $197,696 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
What is the poverty rate in Towaco CDP?
The poverty rate in Towaco CDP is 2.2% (U.S. Census Bureau ACS 2023).
What is the median home value in Towaco CDP?
$690,900 (U.S. Census Bureau ACS 2023).
What is the average rent in Towaco CDP?
The median gross rent in Towaco CDP is $2,726 per month (U.S. Census Bureau ACS 2023).
What percentage of Towaco CDP residents have a college degree?
73.0% of adults in Towaco CDP hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
5,627
Median Income
$197,696
Median Home Value
$690,900
Poverty Rate
2.2%
Unemployment (ACS 2023)
2.9%
Median Age
46.0 yrs

Demographics

Total Population 5,627
Median Age 46.0
Female 48.7%
Race & Ethnicity
Hispanic or Latino 6.8% White (non-Hisp.) 76.5% Black 2.4% Asian 14.4% Two or More 4.9%
Asian Subgroups (% of total pop.)
Chinese
6.1%
Indian
5.4%
Korean
1.3%
Filipino
0.3%
Hispanic Subgroups (% of total pop.)
Puerto Rican
2.3%
Cuban
0.6%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Income & Poverty

Median Household Income $197,696 ±$55,655
+$96,646 vs. state
Per Capita Income $273,267
Median Family Income $232,750
Poverty Rate 2.2%
-4.8 pp vs. state
Child Poverty Rate 0.0%
Working-Age Poverty Rate
SNAP Recipients 0.4%
Social Security Income
Retirement Income 32.3%
Household Income Distribution
< $10k
0.4%
$10–15k
1.6%
$15–25k
1.8%
$25–35k
7.6%
$35–50k
1.7%
$50–75k
14.5%
$75–100k
3.4%
$100–150k
8.9%
$150–200k
12.4%
$200k+
47.7%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Housing

Total Housing Units 2,052
Owner-Occupied 94.9%
Renter-Occupied 5.1%
Vacancy Rate 1.4%
Median Home Value $690,900
+$263,300 vs. state
Median Gross Rent $2,726
Owner Cost Burden (30%+) 20.9%
Renter Cost Burden (30%+) 60.3%
Home Value Distribution
< $50k
0.6%
$50–100k
1.3%
$100–200k
1.0%
$200–300k
1.2%
$300–500k
10.9%
$500k–$1M
64.2%
$1M+
20.0%
Gross Rent Distribution
$1–1.5k
17.5%
$1.5–2k
17.5%
$2.5–3.5k
33.3%
$3.5k+
31.7%
Vehicle Availability
No vehicle
1.0%
1 vehicle
25.8%
2 vehicles
45.7%
3+
27.5%
Housing Type
Single-fam. det.
88.1%
Single-fam. att.
9.6%
5–19 units
0.4%
Housing Age
Pre-1940
8.4%
1940–1969
5.2%
1970–1999
12.6%
2000–2009
7.8%
2010+
1.8%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Education

High School or Higher 99.7%
Bachelor's or Higher 73.0%
+30.1 pp vs. state
Graduate Degree 29.2%
Some College / Associate 7.1%
Less Than High School 0.3%
Enrolled in School

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Employment

Labor Force Participation 65.6%
Unemployment Rate 2.9%
-3.3 pp vs. state
Work from Home 22.5%
Self-Employed 5.8%
Government Workers 12.2%
Private For-Profit 82.0%
Industry
Edu/Health
22.1%
Prof. Services
21.7%
Finance
15.7%
Retail
9.2%
Manufacturing
7.6%
Construction
6.2%
Arts/Entmt.
4.3%
Wholesale
3.7%
Public Admin
3.2%
Transportation
1.7%
Information
0.5%
Occupation
Management
68.4%
Sales
18.4%
Food Prep
7.7%
Construction
4.0%
Production
1.5%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Commute

Median Travel Time 33.5 min
Drove Alone 69.0%
Carpool 2.3%
Public Transit 5.7%
Work from Home 22.5%
Walked 0.1%
Bicycle

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Households & Families

Total Households 2,024
Avg. Household Size 2.00
Avg. Family Size
Married-Couple Households 66.2%
Single-Mother Households
Single-Father Households
Living Alone
Households with Children 29.3%
Multigenerational

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Age Distribution

Under 5
4.9%
5–9
5.5%
10–14
8.2%
15–19
5.5%
20–24
6.2%
25–34
5.2%
35–44
13.2%
45–54
11.6%
55–64
7.2%
65–74
11.0%
75–84
8.7%
85+
4.7%
Under 18: 22.3% Working age (18–64): 77.7% 65 and over: 21.5%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Social Characteristics

Immigration

Foreign Born 20.0%
Naturalized Citizen 94.3%
Speaks English Less Than Very Well 5.3%
Foreign-Born Origin
Asia
58.7%
Europe
30.3%
Latin America
9.3%
Africa
1.6%

Veterans & Disability

Veteran 3.8%
With a Disability 13.1%
Cognitive Difficulty
Ambulatory Difficulty

Health Insurance

Insured 99.0%
Uninsured 1.0%
Employer Insurance
Medicaid
Medicare

Technology & Mobility

Broadband Internet 95.1%
Has a Computer 96.6%
Same House 1 Year Ago 96.0%
Moved from Abroad 0.0%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

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