Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.1 yrs |
|---|---|
| Avg HH Size | 2.72 |
| Below Poverty | 1.5% ▼ 86% below avg |
| College Grads | 55.6% ▲ 43% above avg |
| Unemployment | 4.8% ≈ Avg |
| No HS Diploma | 35 (0.6%) |
| HS Graduate | 1,238 (21.2%) |
| Some College | 584 (10%) |
| Associates | 736 (12.6%) |
| Bachelors | 620 (10.6%) |
| Graduate Degree | 2,626 (45%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $127,331 ▲ 67% above avg |
|---|---|
| Median Home Value | $436,600 ▲ 57% above avg |
| Home/Income Ratio | 3.4x (nat avg ~3.5x) |
| Median Rent | $1,520/mo |
| Total Housing Units | 3,165 |
| Vacant Units | 68 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Milltown is a city in New Jersey, located in Middlesex County. The city spans 1 ZIP code and is home to approximately 8,442 residents. It is a middle-aged city, with a median age of 42.1 years.
Economically, Milltown is a upper-middle-income community. The median household income of $127,331 is significantly above the national average. Approximately 1.5% of residents live below the poverty line. The unemployment rate is 4.8%, near the national average.
The real estate market in Milltown is a premium housing market. Median home values stand at $436,600, which is significantly above the national average. Renters typically pay around $1,520 per month. Homeownership is high at 79.6%, typical of suburban and family-oriented communities.
The population of Milltown is well-educated. 55.6% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (74.51%).
Milltown, NJ offers residents above-average earning potential within New Jersey.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 08850 | 8,442 | $127,331 | $436,600 | $1,520 | 4.8% | 55.6% | 79.6% |