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New Milford, CT
Full City Profile · Connecticut · Naugatuck Valley Planning Region County
3.3
/5.0
B
Good
7,632
Population
1,875/sq mi density
$81,170
Median Income
$36,531 per capita
$326,200
Home Value
$448,694 Zillow
$1,422
Median Rent
28.7% income on rent
48°F
Avg Temperature
275 sunny days/yr
56
Violent Crime/100K
674 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$81,170 median income, 4.4% unemployment
A
Affordability
4.4 / 5.0
$326,200 home value, $1,422/mo rent
F
Safety
1.0 / 5.0
56 violent crimes/100K
B+
Education
3.6 / 5.0
32.8% bachelor's degree or higher
Income Overview
Median Household Income
$81,170
8% above
US avg: $75,149
Per Capita Income
$36,531
6% below
US avg: $39,052
Unemployment Rate
4.4%
22% above
US avg: 3.6%
Poverty Rate
8.2%
34% below
US avg: 12.4%
Income Comparison: New Milford vs. U.S. Average
Each bar shows New Milford’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$81,170
108%
Per Capita
US: $39,052
$36,531
94%
IRS Avg AGI
US: $72,000
$80,854
112%
Avg Weekly Wage
US: $1,432
$1,377
96%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,377
4% below US avg ($1,432)
Mean Commute Time
26 min
5% below US avg (28 min)
Work From Home
4.8%
68% below US avg (15.2%)
Drive Alone
76.9%
5% above US avg (73.2%)
Public Transit
1.2%
77% below US avg (5.0%)
County GDP
$33,435M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
76.9%
Public Transit
1.2%
Work From Home
4.8%
Other
17.1%
Average commute time
26 minutes
US avg: 28 min
Business Landscape
Total Establishments
13,526
Restaurants
904
Healthcare
1,304
Retail
1,210
Manufacturing
640
Tax & Financial
IRS Avg Adjusted Gross Income
$80,854
12% above US avg ($72,000)
Avg Property Tax
$6,909
97% above US avg ($3,500)
Cost of Living Index
103.6
Above national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $81,170 |
| Per Capita Income | $36,531 |
| IRS Avg Adjusted Gross Income | $80,854 |
| Avg Weekly Wage | $1,377 |
| County GDP | $33,435M |
Hardship Indicators
| Unemployment Rate | 4.4% |
| Poverty Rate | 8.2% |
| Gini Coefficient | 0.463 |
| Cost of Living Index | 103.6 |
Commute
| Mean Commute | 26 minutes |
| Drive Alone | 76.9% |
| Public Transit | 1.2% |
| Work From Home | 4.8% |
Businesses
| Total Establishments | 13,526 |
| Restaurants | 904 |
| Healthcare | 1,304 |
| Retail | 1,210 |
| Manufacturing | 640 |
Tax
| IRS Avg AGI | $80,854 |
| Avg Property Tax | $6,909 |