At a Glance
Median Income
$73,125
$31,801 per capita
Home Value
$130,200
Zillow: $123,397
Median Rent
$750/mo
10.7% of income on rent
Bachelor's Degree+
8.5%
93.6% high school+
Unemployment
7.2%
17.1% poverty rate
Obesity Rate
37.6%
12.9% smoking rate
How New Milford Compares to the U.S. Average
Each bar shows New Milford's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is New Milford a Good Place to Live?
B
3.3 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
New Milford residents earn a median household income of $73,125 , which is 3% below the national average of $75,149.
Per capita income is $31,801. The unemployment rate stands at 7.2% (100% above the U.S. rate of 3.6%). 17.1% of residents live below the poverty line. The area is home to 5,870 business establishments, including 623 restaurants.
Housing & Cost of Living
The median home value in New Milford is $130,200 , 54% below the national median of $281,900.
Zillow estimates the typical home at $123,397. Median rent is $750/month, with 10.7% of renters spending more than 30% of income on housing. The cost of living index is 100.0 (100 = national average). The median home was built in 1981.
Education
8.5% of adults in New Milford hold a bachelor's degree or higher
(75% below the national average).
93.6% have completed high school. Local schools score 4.7/10 in standardized testing.
Climate & Weather
New Milford has an average annual temperature of 49°F (10°C).
Winters average 22°F in January while summers reach 74°F in July. Annual precipitation totals 37.2 inches. Air quality is rated Good with a median AQI of 43.
Data Overview
People
Population1,183
Median Age33.2 yrs
Density437/mi²
Male / Female48% / 52%
Foreign Born6.2%
Veterans4.9%
Economy
B
Median Income$73,125
Per Capita$31,801
Unemployment7.2%
Poverty17.1%
County GDP$18,798M
Avg Weekly Wage$1,142
Housing
A+
Home Value$130,200
Rent$750
Ownership88.6%
Zillow$123,397
Housing Units488
Rent Burden10.7%
Health
Obesity37.6%
Diabetes9.4%
Smoking12.9%
Heart Disease5.0%
Premature Death11,176/100K
Climate
Avg Temp49°F
Rain37.2 in/yr
AQI43 (Good)
Elevation778 ft
Education
D
Bachelor's+8.5%
High School+93.6%
Graduate+1.5%
School Score4.7/10
Community
2024 VoteR 49% / D 50%
Commute22 min
Broadband91.7%
Internet Speed101 Mbps
EV Stations22
Libraries12
Did You Know?
The median home in New Milford was built in 1981.
The nearest airport is Chicago/Rockford International (2 miles).
The Gini coefficient (income inequality) is 0.452 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Moderate" by FEMA.
12.3% of the population has a disability.
Average internet download speed is 101 Mbps.
There are 623 restaurants in the area.
The county recorded 27 fatal vehicle crashes.