All Countries
Towaco, NJ
Full City Profile · New Jersey · Essex County County
3.9
/5.0
B+
Good
5,627
Population
938/sq mi density
$197,696
Median Income
$90,740 per capita
$690,900
Home Value
$526,351 Zillow
$2,726
Median Rent
38.0% income on rent
52°F
Avg Temperature
275 sunny days/yr
57
Violent Crime/100K
669 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$197,696 median income, 1.9% unemployment
A+
Affordability
4.7 / 5.0
$690,900 home value, $2,726/mo rent
F
Safety
1.0 / 5.0
57 violent crimes/100K
A+
Education
5.0 / 5.0
73.0% bachelor's degree or higher
Income Overview
Median Household Income
$197,696
163% above
US avg: $75,149
Per Capita Income
$90,740
132% above
US avg: $39,052
Unemployment Rate
1.9%
47% below
US avg: 3.6%
Poverty Rate
2.2%
82% below
US avg: 12.4%
Income Comparison: Towaco vs. U.S. Average
Each bar shows Towaco’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$197,696
263%
Per Capita
US: $39,052
$90,740
232%
IRS Avg AGI
US: $72,000
$112,115
156%
Avg Weekly Wage
US: $1,432
$1,699
119%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,699
19% above US avg ($1,432)
Mean Commute Time
34 min
21% above US avg (28 min)
Work From Home
22.5%
48% above US avg (15.2%)
Drive Alone
69.0%
6% below US avg (73.2%)
Public Transit
5.7%
15% above US avg (5.0%)
County GDP
$76,180M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
69%
Public Transit
5.7%
Work From Home
22.5%
Other
2.8%
Average commute time
34 minutes
US avg: 28 min
Business Landscape
Total Establishments
23,692
Restaurants
1,759
Healthcare
2,593
Retail
2,565
Manufacturing
603
Tax & Financial
IRS Avg Adjusted Gross Income
$112,115
56% above US avg ($72,000)
Avg Property Tax
$16,276
365% above US avg ($3,500)
Cost of Living Index
108.8
Above national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $197,696 |
| Per Capita Income | $90,740 |
| IRS Avg Adjusted Gross Income | $112,115 |
| Avg Weekly Wage | $1,699 |
| County GDP | $76,180M |
Hardship Indicators
| Unemployment Rate | 1.9% |
| Poverty Rate | 2.2% |
| Gini Coefficient | 0.549 |
| Cost of Living Index | 108.8 |
Commute
| Mean Commute | 34 minutes |
| Drive Alone | 69.0% |
| Public Transit | 5.7% |
| Work From Home | 22.5% |
Businesses
| Total Establishments | 23,692 |
| Restaurants | 1,759 |
| Healthcare | 2,593 |
| Retail | 2,565 |
| Manufacturing | 603 |
Tax
| IRS Avg AGI | $112,115 |
| Avg Property Tax | $16,276 |