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The total population of New Milford is estimated to be 677 with 291 males (42.98%) and 386 females (57.02%). There are 95 more females than males in New Milford.
The median household income in New Milford was $45,939 in 2021, which marked an a decrease of 5,407(10.53%) from $51,346 in 2020. This income is 61.58% 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 45 to 64 years old, at $69,584. Overall, the median household income for the borough of New Milford stands at $45,939.
In New Milford, the median income for all workers aged 15 years and older, regardless of work hours, was $34,117 for males and $22,720 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $48,641 for males and $36,095 for females.
In New Milford, population is primarily represented by White households, reporting a median income of $45,939.
In 2022, the population of New Milford was 803, a 0.99% decrease year-by-year from 2021. Previously, in 2021, New Milford's population was 811, a decline of 0.12% compared to a population of 812 in 2020.
The median age in New Milford, PA is 38.7, as per 2021 ACS 5-Year Estimates. Of the total population, 18.22% were under the age of 15, 19.51% aged 15 to 29, 46.34% aged 30 to 64, 14.78% aged 65 to 84, and 1.15% were 85 years of age and older.
Racial distribution of New Milford population: 100% are White.