All Countries
New Milford, NJ
Full City Profile · New Jersey · Bergen County County
3.9
/5.0
B+
Good
16,882
Population
7,404/sq mi density
$113,513
Median Income
$51,201 per capita
$554,800
Home Value
$709,435 Zillow
$1,722
Median Rent
29.5% income on rent
55°F
Avg Temperature
275 sunny days/yr
6
Violent Crime/100K
388 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$113,513 median income, 4.5% unemployment
B+
Affordability
3.9 / 5.0
$554,800 home value, $1,722/mo rent
C
Safety
2.4 / 5.0
6 violent crimes/100K
A+
Education
4.8 / 5.0
48.0% bachelor's degree or higher
Income Overview
Median Household Income
$113,513
51% above
US avg: $75,149
Per Capita Income
$51,201
31% above
US avg: $39,052
Unemployment Rate
4.5%
25% above
US avg: 3.6%
Poverty Rate
4.9%
60% 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
$113,513
151%
Per Capita
US: $39,052
$51,201
131%
IRS Avg AGI
US: $72,000
$139,008
193%
Avg Weekly Wage
US: $1,432
$1,551
108%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,551
8% above US avg ($1,432)
Mean Commute Time
30 min
8% above US avg (28 min)
Work From Home
14.0%
8% below US avg (15.2%)
Drive Alone
62.9%
14% below US avg (73.2%)
Public Transit
7.8%
57% above US avg (5.0%)
County GDP
$105,805M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
62.9%
Public Transit
7.8%
Work From Home
14%
Other
15.3%
Average commute time
30 minutes
US avg: 28 min
Business Landscape
Total Establishments
36,016
Restaurants
2,730
Healthcare
4,090
Retail
3,534
Manufacturing
1,003
Tax & Financial
IRS Avg Adjusted Gross Income
$139,008
93% above US avg ($72,000)
Avg Property Tax
$14,998
329% above US avg ($3,500)
Cost of Living Index
108.8
Above national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $113,513 |
| Per Capita Income | $51,201 |
| IRS Avg Adjusted Gross Income | $139,008 |
| Avg Weekly Wage | $1,551 |
| County GDP | $105,805M |
Hardship Indicators
| Unemployment Rate | 4.5% |
| Poverty Rate | 4.9% |
| Gini Coefficient | 0.473 |
| Cost of Living Index | 108.8 |
Commute
| Mean Commute | 30 minutes |
| Drive Alone | 62.9% |
| Public Transit | 7.8% |
| Work From Home | 14.0% |
Businesses
| Total Establishments | 36,016 |
| Restaurants | 2,730 |
| Healthcare | 4,090 |
| Retail | 3,534 |
| Manufacturing | 1,003 |
Tax
| IRS Avg AGI | $139,008 |
| Avg Property Tax | $14,998 |