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. For every 100 females there are 105.1 males.
Data after 2023 is projected based on recent change
The racial composition of Towaco includes 78.23% White, 14.45% Asian, and smaller percentages for Black or African American and multiracial populations.
White (78.23%)
Asian (14.45%)
Two or more races (4.94%)
Black or African American (2.38%)
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% |
Married
Widowed
Divorced
Separated
Never Married
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%.
Name | Median | Mean |
|---|---|---|
| Married Families | $238,429 | - |
| Families | $232,750 | $302,324 |
| Households | $197,696 | $245,847 |
| Non Families | $55,653 | $68,561 |
Average Income
Median Household Income
Poverty Rate