Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 39.5 yrs |
|---|---|
| Avg HH Size | 2.71 |
| Below Poverty | 4.6% ▼ 54% below avg |
| College Grads | 58.5% ▲ 51% above avg |
| Unemployment | 6.4% ▲ 31% above avg |
| No HS Diploma | 157 (1.4%) |
| HS Graduate | 2,275 (20.2%) |
| Some College | 1,034 (9.2%) |
| Associates | 1,214 (10.8%) |
| Bachelors | 1,090 (9.7%) |
| Graduate Degree | 5,516 (48.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $113,513 ▲ 49% above avg |
|---|---|
| Median Home Value | $554,800 ▲ 99% above avg |
| Home/Income Ratio | 4.9x (nat avg ~3.5x) |
| Median Rent | $1,722/mo |
| Total Housing Units | 6,428 |
| Vacant Units | 271 |
Income Distribution
How People Get to Work
Commute Time
Year Built
New Milford is a city in New Jersey, located in Bergen County. The city spans 1 ZIP code and is home to approximately 16,882 residents. It is a middle-aged city, with a median age of 39.5 years.
Economically, New Milford is a upper-middle-income community. The median household income of $113,513 is above the national average. Approximately 4.6% of residents live below the poverty line. The unemployment rate is 6.4%, above the national average.
The real estate market in New Milford is a premium housing market. Median home values stand at $554,800, which is significantly above the national average. Renters typically pay around $1,722 per month. Homeownership is high at 62.7%, typical of suburban and family-oriented communities.
The population of New Milford is well-educated. 58.5% of adults hold a bachelor's degree or higher — significantly above the national average. The community is racially diverse, with White as the largest group at 47.6%.
New Milford, NJ offers residents above-average earning potential within New Jersey.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 07646 | 16,882 | $113,513 | $554,800 | $1,722 | 6.4% | 58.5% | 62.7% |