Everything You Should Know Before Moving to Towaco, NJ
Considering a move to Towaco, NJ? This small, friendly community of about 5,500 boasts a notably low crime rate (just 38 violent crimes per 100K) and high-performing schools, ideal for families. While the median home price is $720,000 and rents average $2,350, residents enjoy high household incomes and a strong rate of college graduates. With 54% sunny days, easy access to nearby hospitals, and a manageable 34-minute average commute, Towaco offers a safe and comfortable suburban lifestyle.
Demographics - Towaco, NJ
Demographics - Towaco, NJ
Towaco is a close-knit community of around 5,500 residents, with a median age of 44.2 and a balanced gender ratio. The area is predominantly White (82.5%), but also features a notable Asian population and about 15% non-English speakers, reflecting a modest cultural diversity. Its moderate population density offers a suburban feel well-suited for families and professionals.
Population:
5,500
Density:
1,050 per sq mi
Median Age:
44.2
Gender Ratio:
98 males per 100 females
Non-English Speakers Percentage:
15%
Ethnic Composition
White:
82.5%
Black:
1.2%
Asian:
12.5%
Others:
3.8%
Cost Of Living
What is the average cost of living in Towaco, NJ?
The cost of living in Towaco is relatively high, with a median home value of $720,000 and a cost of living index of 139, indicating above-average expenses compared to national norms. Residents can expect higher housing and grocery costs, but these are balanced by strong local incomes. Utilities and transportation are also somewhat pricier, making budgeting important for newcomers.
Median House Value:
$720,000
Gross Rent:
$2,350
Monthly Electricity Charges:
$145
Auto Insurance:
$1,950
House Owner Cost With Mortgage:
$3,050
House Owner Cost Without Mortgage:
$1,050
State Taxes:
Low:
1.4%
|
High:
10.75%
Cost Of Living Index:
139.0
Grocery:
125.0
Housing:
170.0
Utilities:
113.0
Transportation:
128.0
Health Care:
112.0
Miscellaneous:
115.0
Crime
Is Towaco, NJ a safe place to live?
Towaco is a very safe place to live, with only 38 violent crimes per 100,000 residents and a property crime chance of just 1 in 282. The community’s low crime index promotes a peaceful environment, making it especially appealing for families and those seeking a secure neighborhood. Residents can feel confident about the town’s reputation for safety.
Violent Crimes Per 100k:
38
Property Crimes Per 100k:
390
Crime Index:
428
Chance Of Violent Crime:
1 in 2,630
Chance Of Property Crime:
1 in 282
Weather
What is the weather like in Towaco, NJ year-round?
Towaco experiences four distinct seasons, with cold winters averaging lows of 22°F and warm summers peaking near 85°F. The area receives about 48.6 inches of rainfall annually and enjoys sunshine 54% of the year. This climate supports a variety of outdoor activities and seasonal events throughout the year.
Winter
Min:
22°F
Max:
38°F
Spring
Min:
42°F
Max:
67°F
Summer
Min:
65°F
Max:
85°F
Fall
Min:
46°F
Max:
71°F
Average Rainfall Inches:
48.6 inches
Sunny Days Percentage:
54%
Neighbors
Residents in Towaco benefit from high household incomes, with median household earnings around $164,500 and a low poverty rate of just 2.5%. The community is well-educated, with nearly 60% holding a bachelor’s degree or higher, and most people enjoy a 34-minute average commute. Local employment is strong, and public transportation is available for those commuting to nearby cities.
Median Income:
$59,000
Household Income:
$164,500
Family Income:
$176,000
Per Capita Income:
$62,900
Income Male:
$82,000
Income Female:
$65,000
Poverty Rate:
2.5%
Non English Speakers:
15%
Rent:
$2,350
Unemployment Rate:
3.4%
Public Transport Usage:
5.1%
Commute Time:
34.1 minutes
Education
High School or Higher:
96.2%
Bachelors or More:
59.4%
Education
How are the schools in Towaco, NJ?
Families in Towaco benefit from highly rated public schools, including small class sizes at William H. Mason Jr. Elementary and Montville Township High School. Private and parochial options are available locally, and nearby colleges like County College of Morris and Montclair State University offer higher education within easy reach. The community’s emphasis on education is seen in its high graduation and college attendance rates.
Public Schools
Name:
William H. Mason Jr. Elementary School
Street:
5 Shawnee Trail
Phone:
973-331-7100
Students:
280
Student Teacher Ratio:
10.8
Name:
Montville Township High School
Street:
100 Horseneck Rd
Phone:
973-331-7100
Students:
1,050
Student Teacher Ratio:
11.2
Private Schools
Name:
Trinity Christian School
Street:
160 Changebridge Rd
Phone:
973-334-1785
Students:
210
Colleges
Name:
County College of Morris
City:
Randolph
State:
NJ
Distance:
11 miles
Students:
7,500
Name:
Montclair State University
City:
Montclair
State:
NJ
Distance:
13 miles
Students:
21,000
Healthcare
Towaco offers convenient access to major hospitals like Chilton Medical Center and Saint Clare's Denville Hospital, both providing full emergency services nearby. The area boasts a high rate of health insurance coverage (96.8%) and above-average physician availability. Residents can expect reliable healthcare options and a solid health care index.
Major Hospitals
Name:
Chilton Medical Center
Address:
97 W Parkway, Pompton Plains, NJ 07444
Phone:
(973) 831-5000
Type:
General & Surgical
Emergency Services:
Yes
Name:
Saint Clare's Denville Hospital
Address:
25 Pocono Rd, Denville, NJ 07834
Phone:
(973) 625-6000
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
3.1
Health Insurance Coverage:
96.8%
Health Care Index:
76.2
Housing Market
What is the housing market like in Towaco, NJ?
Towaco's housing market is robust, with a median home price of $720,000 and an owner-occupancy rate of 91.5%. Homes are appreciating steadily, with a 6.2% increase over the past year, and the rental vacancy rate is low at 3%. These factors reflect a competitive market with stable investment potential.
Median Home Price:
$720,000
Average Rent For 2 Bedroom:
$2,350
Owner Occupied Rate:
91.5%
Rental Vacancy Rate:
3.0%
Home Appreciation Rate (1yr):
6.2%
New Construction Rate:
1.4%
Foreclosure Rate:
0.3%
DMV Information
Towaco residents are served by the New Jersey Motor Vehicle Commission office in nearby Wayne, accessible both online and in person. This DMV location provides a full range of vehicle and licensing services for local drivers. Efficient access ensures residents can manage their transportation needs with ease.
State:
New Jersey
Department:
New Jersey Motor Vehicle Commission
Address:
481 Route 46 West, Wayne, NJ 07470
Phone:
1-609-292-6500
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.