Towaco

County:: Morris County
County Seat:: No
Area (mi²):: 5.997
State:: New Jersey

Towaco is a CDP located in Morris County, New Jersey. Towaco has a 2025 population of 6,941. Towaco is currently growing at a rate of 7.15% annually and its population has increased by 32.36% since the most recent census, which recorded a population of 5,244 in 2020.

The average household income in Towaco is $245,847 with a poverty rate of 1.6%.The median age in Towaco is 46.4 years: 45.3 years for males, and 47.4 years for females.

Demographics

The racial composition of Towaco includes 78.23% White, 14.45% Asian, and smaller percentages for Black or African American and multiracial populations.

Population by Race

Race	Population	Percentage (of total)
White	4,402	78.23%
Asian	813	14.45%
Two or more races	278	4.94%
Black or African American	134	2.38%

Towaco Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

Towaco's average per capita income is $106,491. Household income levels show a median of $197,696. The poverty rate stands at 1.6%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.

Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.

Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.

Name	Median	Mean
Married Families	$238,429	-
Families	$232,750	$302,324
Households	$197,696	$245,847
Non Families	$55,653	$68,561

$106,491

Average Income

$197,696

Median Household Income

1.6%

Poverty Rate