Download
Share
Contents
Save
The total population of New Milford is estimated to be 16,888 with 8,226 males (48.71%) and 8,662 females (51.29%). There are 436 more females than males in New Milford.
The median household income in New Milford was $107,002 in 2021, which marked an a decrease of 444(0.41%) from $107,446 in 2020. This income is 143.42% 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 25 to 44 years old, at $123,331. Overall, the median household income for the borough of New Milford stands at $107,002.
In New Milford, the median income for all workers aged 15 years and older, regardless of work hours, was $68,175 for males and $47,553 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $89,669 for males and $79,251 for females.
In New Milford, the demographic landscape is diverse, spanning 5 distinct racial categories among households. Among these, Two or More Races households have the highest median household income at $119,256, while Some Other Race households represent the opposite end with the lowest median household income of $76,115.
In 2022, the population of New Milford was 16,875, a 0.24% decrease year-by-year from 2021. Previously, in 2021, New Milford's population was 16,915, an increase of 0.20% compared to a population of 16,881 in 2020.
The median age in New Milford, NJ is 40.3, as per 2021 ACS 5-Year Estimates. Of the total population, 19.91% were under the age of 15, 15.83% aged 15 to 29, 49.46% aged 30 to 64, 12.25% aged 65 to 84, and 2.54% were 85 years of age and older.
Racial distribution of New Milford population: 61.78% are White, 3.42% are Black or African American, 0.76% are American Indian and Alaska Native, 20.03% are Asian, 6.50% are some other race and 7.50% are multiracial.