Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 47.6 yrs |
|---|---|
| Avg HH Size | 2.71 |
| Below Poverty | 1.6% ▼ 84% below avg |
| College Grads | 75.2% ▲ 94% above avg |
| Unemployment | 4.2% ▼ 14% below avg |
| HS Graduate | 643 (16.3%) |
| Some College | 91 (2.3%) |
| Associates | 242 (6.1%) |
| Bachelors | 98 (2.5%) |
| Graduate Degree | 2,865 (72.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $194,464 ▲ 155% above avg |
|---|---|
| Median Home Value | $686,800 ▲ 146% above avg |
| Home/Income Ratio | 3.5x (nat avg ~3.5x) |
| Median Rent | $2,726/mo |
| Total Housing Units | 2,107 |
| Vacant Units | 28 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Towaco is a city in New Jersey, located in Morris County. The city spans 1 ZIP code and is home to approximately 5,688 residents. It is a mature city, with a median age of 47.6 years.
Economically, Towaco is a affluent community. The median household income of $194,464 is more than double the national average. Approximately 1.6% of residents live below the poverty line. The unemployment rate is 4.2%, near the national average.
The real estate market in Towaco is a premium housing market. Median home values stand at $686,800, which is more than double the national average. Renters typically pay around $2,726 per month. Homeownership is high at 95.1%, typical of suburban and family-oriented communities.
The population of Towaco is highly educated. 75.2% of adults hold a bachelor's degree or higher — significantly above the national average. The community is primarily White (76.39%).
Towaco, NJ offers residents above-average earning potential within New Jersey.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 07082 | 5,688 | $194,464 | $686,800 | $2,726 | 4.2% | 75.2% | 95.1% |