Population 6,278 · Census ACS 2020–24
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Population and households in Towaco
Household size in Towaco
| Period | Towaco | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 3.11 | 2.79 | 2.77 | 2.68 |
| 2010–14 | 3.08 | 2.85 | 2.82 | 2.73 |
| 2015–19 | 3.05 | 2.82 | 2.78 | 2.71 |
| 2020–24 | 2.76 | 2.79 | 2.76 | 2.65 |
| Change | −0.35 | −0.00 | −0.01 | −0.03 |
Households in Towaco average 2.76 people, a bit above the national 2.65, so families with children are somewhat more common here. Household size has dropped from 3.11 in 2006–10, a much bigger shift than nationally. Households are largest in the northwest and smallest in the east.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Towaco
| Period | Towaco | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 40.3 | 38.0 | 39.1 | 37.7 |
| 2010–14 | 45.7 | 38.7 | 40.0 | 38.6 |
| 2015–19 | 43.2 | 39.8 | 41.0 | 39.6 |
| 2020–24 | 49.7 | 40.4 | 40.9 | 40.1 |
| Change | +9.3 | +2.4 | +1.8 | +2.3 |
Towaco skews older: half of its residents are older than 49.7, well above the national median of 40.1. That usually means more empty nesters and retirees, and fewer young families. Since 2006–10, the median age has climbed from 40.3, a much bigger shift than nationally. Of the 415 New Jersey cities with 5,000+ people, only 24 are older.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Towaco
| Period | Towaco | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 6.8% | 13.1% | 11.6% | 12.3% |
| 2010–14 | 4.0% | 12.8% | 11.8% | 12.3% |
| 2015–19 | 5.8% | 11.4% | 10.8% | 11.6% |
| 2020–24 | 2.6% | 11.6% | 11.3% | 11.6% |
| Change | −4.2 pts | −1.5 pts | −0.4 pts | −0.6 pts |
Single-parent households are relatively rare in Towaco: 2.6% of households, against 11.6% nationally. Since 2006–10, the single-parent share has fallen 4.2 points, a much bigger shift than nationally. Of the 415 New Jersey cities with 5,000+ people, only nine have a lower share of single-parent households.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Towaco
Renters in Towaco
| Period | Towaco | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 7.7% | 47.1% | 33.1% | 33.3% |
| 2010–14 | 5.0% | 48.7% | 35.0% | 35.6% |
| 2015–19 | 6.5% | 48.8% | 36.1% | 36.0% |
| 2020–24 | 5.9% | 48.6% | 36.2% | 34.8% |
| Change | −1.9 pts | +1.5 pts | +3.1 pts | +1.5 pts |
Only 5.9% of households in Towaco rent their homes, far below the national share of 34.8%, so most residents are owners who tend to stay put. Among homeowners, 43.8% have no mortgage at all, above the national share of 39.8%. The renter share has fallen 1.9 points since 2006–10, even as the national share rose. Only 14 of the 415 New Jersey cities with 5,000+ people have a lower share of renters.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Towaco
| Period | Towaco | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 8.5% | 9.1% | 9.1% | 11.4% |
| 2010–14 | 4.2% | 9.0% | 9.3% | 11.4% |
| 2015–19 | 9.8% | 9.1% | 9.3% | 11.1% |
| 2020–24 | 4.3% | 7.9% | 6.6% | 9.6% |
| Change | −4.2 pts | −1.2 pts | −2.5 pts | −1.8 pts |
Empty homes are scarce in Towaco: just 4.3% sit vacant, compared with 9.6% nationally, a sign of a tight housing market. Vacancy has fallen 4.2 points since 2006–10, mirroring the country.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Towaco
| Period | Towaco | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 1971 | 1957 | 1965 | 1974 |
| 2010–14 | 1973 | 1958 | 1966 | 1975 |
| 2015–19 | 1969 | 1959 | 1967 | 1977 |
| 2020–24 | 1973 | 1962 | 1969 | 1980 |
| Change | +2 | +5 | +5 | +6 |
Housing in Towaco leans older: the median home dates to 1973, against 1980 nationally. Even so, homes here are newer than in the New York area as a whole, where the median home dates to 1962. Newer construction is concentrated in the west, while the east has the oldest housing.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Towaco
| Period | Towaco | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | $1,868 | $1,268 | $1,246 | $965 |
| 2010–14 | $1,761 | $1,377 | $1,324 | $1,040 |
| 2015–19 | $2,100 | $1,645 | $1,522 | $1,213 |
| 2020–24 | $2,537 | $2,060 | $1,896 | $1,571 |
| Change | +$670 | +$792 | +$651 | +$606 |
A typical rental in Towaco costs $2,537 a month with utilities, well above the national median of $1,571. Rent has climbed $670 a month since 2006–10, up 36%, a slower climb than the nation's. Rent takes 31.4% of the typical renter's income, just over the 30% mark often used to define affordable rent. Rents run highest in the south and lowest in the northeast.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Towaco
Bachelor's degrees in Towaco
| Period | Towaco | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 60.3% | 35.0% | 34.7% | 28.4% |
| 2010–14 | 63.0% | 36.7% | 36.4% | 29.6% |
| 2015–19 | 59.5% | 39.9% | 39.6% | 32.1% |
| 2020–24 | 71.4% | 43.6% | 43.4% | 35.6% |
| Change | +11.1 pts | +8.6 pts | +8.6 pts | +7.2 pts |
Towaco is highly educated: about seven in ten adults 25 and older (71.4%) hold at least a bachelor's degree, far above the national share of 35.6%. The share with a degree is up 11.1 points from 2006–10, as it has nationally. College graduates are most concentrated in the northwest and least in the south.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Towaco
| Period | Towaco | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 96.3% | 83.7% | 87.0% | 84.9% |
| 2010–14 | 98.1% | 84.6% | 88.1% | 86.1% |
| 2015–19 | 97.3% | 86.2% | 89.5% | 87.7% |
| 2020–24 | 97.3% | 86.9% | 90.2% | 89.3% |
| Change | +1.0 pts | +3.3 pts | +3.2 pts | +4.3 pts |
Finishing high school is nearly universal in Towaco: 97.3% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%. The share with a diploma is up 1.0 points from 2006–10, a smaller shift than nationally. Towaco has a higher share of high school graduates than the great majority of New Jersey cities.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Towaco
| Period | Towaco | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 4.7% | 7.9% | 7.9% | 8.1% |
| 2010–14 | 9.2% | 9.5% | 9.8% | 9.4% |
| 2015–19 | 4.9% | 5.7% | 5.6% | 5.6% |
| 2020–24 | 3.1% | 6.9% | 6.4% | 5.4% |
| Change | −1.6 pts | −0.9 pts | −1.5 pts | −2.7 pts |
Unemployment in Towaco has been low: just 3.1% of the labor force was out of work and looking, well below the national rate of 5.4%. Of the 415 New Jersey cities with 5,000+ people, only 26 have lower unemployment. Since 2006–10, unemployment has fallen 1.6 points, in line with the national trend.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Towaco compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Towaco | 2.76 | 49.7 | 2.6% | 5.9% | 4.3% | 1973 | $2,537 | 71.4% | 97.3% | 3.1% |
| Montville | 2.69 | 48.0 | 3.9% | 5.8% | 3.9% | 1983 | $2,690 | 71.1% | 97.6% | 4.7% |
| Lincoln Park | 2.59 | 48.1 | 4.5% | 22.0% | 2.8% | 1974 | $2,014 | 44.4% | 91.7% | 10.2% |
| Pequannock | 2.96 | 39.2 | 4.8% | 9.8% | 3.2% | 1961 | $1,553 | 53.8% | 95.3% | 4.7% |
| Lake Hiawatha | 2.47 | 42.3 | 10.0% | 40.7% | 2.2% | 1964 | $1,573 | 50.1% | 93.1% | 3.0% |
| Boonton | 2.62 | 42.6 | 4.2% | 26.9% | 6.8% | 1962 | $1,837 | 57.8% | 96.5% | 6.4% |
| Pine Brook | 2.62 | 39.7 | 4.9% | 39.4% | 2.6% | 1974 | $2,326 | 61.3% | 97.4% | 4.6% |
| Pompton Plains | 2.73 | 44.9 | 5.4% | 7.1% | 4.5% | 1961 | $2,038 | 53.8% | 95.9% | 4.0% |
| Fairfield | 2.69 | 48.4 | 8.4% | 21.5% | 4.3% | 1974 | $2,652 | 50.9% | 97.1% | 11.6% |
| Riverdale | 2.01 | 60.7 | 4.0% | 36.0% | 7.1% | 1986 | $2,675 | 51.2% | 97.1% | 0.8% |
| Kinnelon | 3.04 | 43.2 | 3.3% | 7.2% | 3.4% | 1974 | $2,604 | 64.4% | 96.7% | 7.6% |
All figures 2020–24.
Cities with similar populations: Ravena, NY · Reminderville, OH · Reinholds, PA · Reedsport, OR · Reed City, MI · Redwood Valley, CA · Redwood Falls, MN · Red Bud, IL · Raymond, WA · Ray City, GA
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Towaco. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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