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The total population of New Milford is estimated to be 1,272 with 646 males (50.79%) and 626 females (49.21%). There are 20 less females than males in New Milford.
The median household income in New Milford was $68,294 in 2021, which marked an an increase of 3,705(5.74%) from $64,589 in 2020. This income is 91.54% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, New Milford sees its highest median household income among householders in the age group of under 25 years old, at $97,012. Overall, the median household income for the village of New Milford stands at $68,294.
In New Milford, the median income for all workers aged 15 years and older, regardless of work hours, was $42,851 for males and $38,077 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $63,135 for males and $45,425 for females.
In New Milford, there are just two different racial groups among households. Among these, Black or African American households report a median household income of $189,996, while White households have a median household income of $67,059.
In 2022, the population of New Milford was 791, a 0.25% decrease year-by-year from 2021. Previously, in 2021, New Milford's population was 793, a decline of 0.25% compared to a population of 795 in 2020.
The median age in New Milford, IL is 29.5, as per 2021 ACS 5-Year Estimates. Of the total population, 23.11% were under the age of 15, 28.26% aged 15 to 29, 39.37% aged 30 to 64, 8.94% aged 65 to 84, and 0.32% were 85 years of age and older.
Racial distribution of New Milford population: 81% are White, 13.12% are Black or African American, 0.72% are Asian, 0.16% are some other race and 4.99% are multiracial.