At a Glance
Median Income
$51,250
$37,649 per capita
Home Value
$162,500
Zillow: $248,923
Median Rent
$938/mo
30.7% of income on rent
Bachelor's Degree+
11.0%
89.0% high school+
Unemployment
10.2%
22.4% poverty rate
Obesity Rate
36.2%
26.9% 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?
C+
2.9 / 5.0 - Fair
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
New Milford residents earn a median household income of $51,250 , which is 32% below the national average of $75,149.
Per capita income is $37,649. The unemployment rate stands at 10.2% (183% above the U.S. rate of 3.6%). 22.4% of residents live below the poverty line. The area is home to 990 business establishments, including 81 restaurants.
Housing & Cost of Living
The median home value in New Milford is $162,500 , 42% below the national median of $281,900.
Zillow estimates the typical home at $248,923. Median rent is $938/month, with 30.7% of renters spending more than 30% of income on housing. The cost of living index is 97.6 (100 = national average). The median home was built in 1938.
Education
11.0% of adults in New Milford hold a bachelor's degree or higher
(67% below the national average).
89.0% have completed high school. Local schools score 5.8/10 in standardized testing.
Climate & Weather
New Milford has an average annual temperature of 45°F (7°C).
Winters average 22°F in January while summers reach 68°F in July. Annual precipitation totals 46.7 inches. Air quality is rated Good with a median AQI of 25.
Data Overview
People
Population695
Median Age36.8 yrs
Density681/mi²
Male / Female44% / 57%
Foreign Born2.0%
Veterans10.2%
Economy
C
Median Income$51,250
Per Capita$37,649
Unemployment10.2%
Poverty22.4%
County GDP$2,616M
Avg Weekly Wage$976
Housing
A+
Home Value$162,500
Rent$938
Ownership50.7%
Zillow$248,923
Housing Units355
Rent Burden30.7%
Health
Obesity36.2%
Diabetes10.6%
Smoking26.9%
Heart Disease6.9%
Premature Death8,504/100K
Climate
Avg Temp45°F
Rain46.7 in/yr
AQI25 (Good)
Elevation1,100 ft
Education
D
Bachelor's+11.0%
High School+89.0%
Graduate+3.7%
School Score5.8/10
Community
2024 VoteR 72% / D 27%
Commute25 min
Broadband89.5%
Internet Speed109 Mbps
EV Stations1
Libraries4
Did You Know?
New Milford was founded in 1789.
The median home in New Milford was built in 1938.
The nearest airport is Wilkes-Barre/Scranton International (37 miles).
The Gini coefficient (income inequality) is 0.460 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
11.9% of the population has a disability.
Average internet download speed is 109 Mbps.
The county recorded 9 fatal vehicle crashes.