At a Glance
Median Income
$197,696
$90,740 per capita
Home Value
$690,900
Zillow: $526,351
Median Rent
$2,726/mo
38.0% of income on rent
Bachelor's Degree+
73.0%
99.7% high school+
Unemployment
2.9%
2.2% poverty rate
Obesity Rate
20.2%
6.9% smoking rate
How Towaco Compares to the U.S. Average
Each bar shows Towaco's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Towaco a Good Place to Live?
A+
4.9 / 5.0 - Excellent
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Towaco residents earn a median household income of $197,696 , which is 163% above the national average of $75,149.
Per capita income is $90,740. The unemployment rate stands at 2.9% (19% below the U.S. rate of 3.6%). 2.2% of residents live below the poverty line. The area is home to 23,692 business establishments, including 1,759 restaurants.
Housing & Cost of Living
The median home value in Towaco is $690,900 , 145% above the national median of $281,900.
Zillow estimates the typical home at $526,351. Median rent is $2,726/month, with 38.0% of renters spending more than 30% of income on housing. The cost of living index is 108.8 (100 = national average). The median home was built in 1968.
Education
73.0% of adults in Towaco hold a bachelor's degree or higher
(117% above the national average).
99.7% have completed high school. Local schools score 5.8/10 in standardized testing.
Climate & Weather
Towaco has an average annual temperature of 53°F (12°C).
Winters average 31°F in January while summers reach 76°F in July. Annual precipitation totals 44.9 inches.
Data Overview
People
Population5,627
Median Age46.4 yrs
Density938/mi²
Male / Female51% / 49%
Foreign Born20.0%
Veterans3.8%
Economy
A+
Median Income$197,696
Per Capita$90,740
Unemployment2.9%
Poverty2.2%
County GDP$76,180M
Avg Weekly Wage$1,699
Housing
A+
Home Value$690,900
Rent$2,726
Ownership94.9%
Zillow$526,351
Housing Units1,987
Rent Burden38.0%
Health
Obesity20.2%
Diabetes6.4%
Smoking6.9%
Heart Disease3.6%
Premature Death8,341/100K
Climate
Avg Temp53°F
Rain44.9 in/yr
Elevation262 ft
Education
A+
Bachelor's+73.0%
High School+99.7%
Graduate+27.3%
School Score5.8/10
Community
2024 VoteR 27% / D 72%
Commute34 min
Broadband95.1%
Internet Speed174 Mbps
EV Stations1
Libraries34
Did You Know?
The median home in Towaco was built in 1968.
22.5% work from home.
The nearest airport is Newark Liberty International (19 miles).
The Gini coefficient (income inequality) is 0.549 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively High" by FEMA.
13.1% of the population has a disability.
20.0% of residents are foreign-born.
Average internet download speed is 174 Mbps.
There are 1,759 restaurants in the area.
The county recorded 51 fatal vehicle crashes.