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The total population of Towanda is estimated to be 2,811 with 1,589 males (56.53%) and 1,222 females (43.47%). There are 367 less females than males in Towanda.
The median household income in Towanda was $50,230 in 2021, which marked an an increase of 680(1.37%) from $49,550 in 2020. This income is 67.33% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Towanda sees its highest median household income among householders in the age group of 25 to 44 years old, at $53,971. Overall, the median household income for the borough of Towanda stands at $50,230.
In Towanda, the median income for all workers aged 15 years and older, regardless of work hours, was $33,970 for males and $27,288 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $51,784 for males and $37,780 for females.
In Towanda, population is primarily represented by White households, reporting a median income of $50,306.
In 2022, the population of Towanda was 2,785, a 0.54% decrease year-by-year from 2021. Previously, in 2021, Towanda's population was 2,800, an increase of 0.11% compared to a population of 2,797 in 2020.
The median age in Towanda, PA is 38.6, as per 2021 ACS 5-Year Estimates. Of the total population, 20.48% were under the age of 15, 18.27% aged 15 to 29, 46.44% aged 30 to 64, 10.40% aged 65 to 84, and 4.42% were 85 years of age and older.
Racial distribution of Towanda population: 94.41% are White, 3.13% are Black or African American, 1.67% are some other race and 0.78% are multiracial.