Towaco, NJ
Population 5,627 · New Jersey
About Towaco, NJ
Towaco is a small community in New Jersey with a population of 5,627 residents. The median household income is $197,696 per year, which is above the national average. The median age in Towaco is 46.4 years.
Housing in Towaco has a median home value of $690,900 and median monthly rent of $2,726. Of the 2,052 total housing units, the majority are owner-occupied, with 1,921 owner-occupied and 103 renter-occupied units.
The unemployment rate in Towaco is 2.9% and the poverty rate is 1.6%. 73.0% of residents hold a bachelor's degree or higher. The average commute time is 33.5 minutes.
Cost of Living in Towaco, NJ
Compared to national averages, Towaco has a median household income of $197,696 (163% above the national median of $75,149). Home values average $690,900, which is 182% above the national median. Monthly rent at $2,726 is 134% above the US average of $1,163. Within New Jersey, Towaco's income is 71% above the state average of $115,667, and home values are 47% above the state median of $469,644.
Why Live in Towaco, NJ?
Towaco offers a strong local economy with a median household income of $197,696, well above the national average, and a strong job market with an unemployment rate of just 2.9%, and a well-educated community where 73.0% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 1.6%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $690,900. However, Towaco’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Towaco has a population of 5,627 with a median age of 46.4 years. Compare Towaco with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Towaco
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Norwood | 5,668 | $164,766 | $676,400 | Compare |
| Morganville | 5,544 | $134,911 | $575,900 | Compare |
| Somerdale | 5,535 | $79,101 | $221,600 | Compare |
| Union Beach | 5,722 | $128,400 | $452,900 | Compare |
| Rutgers University-Busch Campus | 5,747 | $118,750 | $0 | Compare |
| Jamesburg | 5,763 | $117,719 | $344,900 | Compare |
| Franklin Center | 5,770 | $138,643 | $565,200 | Compare |
| Lyons | 5,444 | $243,958 | $936,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Towaco
What is the population of Towaco, NJ?
The population of Towaco, NJ is 5,627 according to the latest Census data.
What is the median household income in Towaco?
The median household income in Towaco, NJ is $197,696 per year.
What is the median home value in Towaco?
The median home value in Towaco, NJ is $690,900.
What is the average rent in Towaco?
The median monthly rent in Towaco, NJ is $2,726.
What is the unemployment rate in Towaco?
The unemployment rate in Towaco, NJ is 2.9%.