New Milford, NJ
Full City Profile · New Jersey · Bergen County County
New Milford, NJ
At a Glance
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)
Is New Milford a Good Place to Live?
Economy & Jobs
New Milford residents earn a median household income of $113,513 , which is 51% above the national average of $75,149. Per capita income is $51,201. The unemployment rate stands at 6.4% (78% above the U.S. rate of 3.6%). 4.9% of residents live below the poverty line. The area is home to 36,016 business establishments, including 2,730 restaurants.
Housing & Cost of Living
The median home value in New Milford is $554,800 , 97% above the national median of $281,900. Zillow estimates the typical home at $746,270. Median rent is $1,722/month, with 29.5% of renters spending more than 30% of income on housing. The cost of living index is 108.8 (100 = national average). The median home was built in 1954.
Safety & Crime
New Milford reports 12 violent crimes per 100,000 residents , which is 97% below the national average of 380/100K. Property crime is 487/100K.
Education
48.0% of adults in New Milford hold a bachelor's degree or higher (42% above the national average). 94.7% have completed high school. Local schools score 7.3/10 in standardized testing.
Climate & Weather
New Milford has an average annual temperature of 55°F (13°C). Winters average 33°F in January while summers reach 78°F in July. Annual precipitation totals 46.3 inches. Air quality is rated Good with a median AQI of 40.