New Jersey · Census place 73170
Towaco CDP, NJ
Quick answer
Towaco CDP has 5,627 residents, ranking #273 of 700 places in New Jersey. Median household income is $197,696, the median home is worth $690,900 and median gross rent runs $2,726 a month.
- Population
- 5,627Towaco CDP residents
- Median household income
- $197,696Past 12 months, inflation adjusted
- Median home value
- $690,900Owner-occupied units
- Median gross rent
- $2,726Rent plus utilities, monthly
- Median age
- 46.4 yrsAll residents
- Homeownership rate
- 94.9%Owner-occupied households
What the numbers mean in Towaco CDP
Housing cost measured against local earnings.
A household earning the Towaco CDP median would spend about 16.5% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 1.6% of residents and 94.9% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in New Jersey.
- Rutgers University-Busch Campus CDP 5,747
- Union Beach borough 5,722
- Norwood borough 5,668
- Morganville CDP 5,544
- Somerdale borough 5,535
- Lyons CDP 5,444
- Neshanic Station CDP 5,403
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