Towaco, NJ
Full City Profile · New Jersey · Essex County County
4.9
/5.0
A+
Excellent
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
53°F
Avg Temperature
A+
Overall
4.9 / 5.0
Strong
A+
Economy
4.9 / 5.0
$197,696 median income, 2.9% unemployment
A+
Affordability
4.7 / 5.0
$690,900 home value, $2,726/mo rent
A+
Education
5.0 / 5.0
73.0% bachelor's degree or higher
Change Over Time (2021, 2023)
Population Change
-2.2%
5,756 → 5,627
over 2 years
Annual Pop. Growth
-1.13%
Compound annual growth rate
Median Income Change
+38.2%
$143,102 → $197,696
nominal, not inflation-adjusted
Annual Income Growth
+17.54%
Compound annual growth rate
Population Over Time
Total population for Towaco across each available Census ACS release.
Median Household Income Over Time
Median household income reported by U.S. Census ACS. Values are nominal (not adjusted for inflation).
Projected 2030
Simple projections extrapolating the 2021, 2023 compound annual growth rate forward. These are mathematical extensions of recent trends, not forecasts, real outcomes depend on migration, policy and economic shifts.
Projected Population 2030
5,197
-430 from 2023 (5,627)
Projected Median Income 2030
$612,770
+$415,074 from 2023 ($197,696)
Year-by-Year Detail
| Year | Population | YoY % | Median Income | YoY % |
|---|---|---|---|---|
| 2021 | 5,756 | - | $143,102 | - |
| 2023 | 5,627 | -2.2% | $197,696 | +38.2% |
Source: U.S. Census ACS 5-Year Estimates (Data Commons). Home value and rent are not yet available historically.