What is the median household income in Towaco, NJ?

Name: Income and affordability in Towaco, NJ, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median household income in Towaco, NJ is $205,636 (±$67,452) a year (2020–2024 American Community Survey).

Paying the median gross rent of $1,950 a month would take about $78,000 a year at the common guideline of spending no more than 30% of income on rent.

Figures last updated on November 12, 2026.

Median household income: $205,636 (±$67,452)
Income to afford median rent: about $78,000

Income in Towaco against Morris County, its state and the nation

Income, estimate (90% margin of error)
	Towaco	Morris County	New Jersey	United States
Median household income	$205,636 (±$67,452)	$137,326 (±$2,991)	$103,556 (±$513)	$80,734
Median renter household income	—	$79,949 (±$4,109)	$62,674 (±$718)	$52,966
Median owner household income	$207,159 (±$58,863)	$165,144 (±$2,794)	$133,477 (±$624)	$100,009
Median gross rent	$1,950 (±$1,929)	$1,904 (±$30)	$1,720 (±$7)	$1,413

In Towaco, median household income is higher than in Morris County ($137,326).

It is also higher than in New Jersey ($103,556).

It is higher than the national figure ($80,734).

In Morris County, Towaco ranks 2 of 27 places with a published estimate, from highest to lowest median household income.

Statewide, it ranks 18 of 246.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How much you need to earn to rent in Towaco

Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.

At that guideline, the median gross rent of $1,950 a month ($23,400 a year) needs an income of about $78,000 a year.

This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.

Median household income in places near Towaco

Nearest places with a published estimate, compared with Towaco
Place	Distance	Median household income	Compared with this place
Towaco	—	$205,636 (±$67,452)	—
Lincoln Park Borough	2.0 mi	$123,397 (±$15,269)	Lower
Pequannock Township	3.1 mi	$120,666 (±$6,642)	Lower
Pompton Plains	3.4 mi	$117,959 (±$9,640)	Lower
Fairfield Township (Essex County)	3.7 mi	$115,980 (±$14,772)	Lower
Boonton Town	3.7 mi	$114,302 (±$23,372)	Lower
Lake Hiawatha	3.8 mi	$104,663 (±$16,579)	Lower
Pine Brook	3.9 mi	$126,488 (±$26,048)	Lower
Boonton Township	4.3 mi	$192,188 (±$65,328)	Not measurably different

Nearby places with a measurably lower figure: Lincoln Park Borough, NJ ($123,397), Pequannock Township, NJ ($120,666), Pompton Plains, NJ ($117,959).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median household income across Morris County, place by place

Rank	Place	Median household income
1	Brookside	$250,000 or more
2	Towaco	$205,636 (±$67,452)
3	Millington	$194,306 (±$48,455)
4	Troy Hills	$183,707 (±$12,378)
5	Stirling	$180,875 (±$71,018)
6	Cedar Knolls	$170,400 (±$38,419)
7	Succasunna	$161,712 (±$12,529)
8	Whippany	$151,420 (±$12,542)

Showing 8 of 27 places in Morris County, ranked from highest to lowest.

Towaco is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.

It lies inside Montville Township, whose figures include it.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Towaco

What is the median household income in Towaco?

The median household income in Towaco is $205,636 (±$67,452) a year (2020–2024 American Community Survey).

How much do you need to make to afford rent in Towaco?

About $78,000 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,950 a month.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Towaco CDP, New Jersey (place:73170, in state:34).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.