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The total population of New Milford township is estimated to be 1,677 with 842 males (50.21%) and 835 females (49.79%). There are 7 less females than males in New Milford township.
The median household income in New Milford township was $64,469 in 2021, which marked an a decrease of 9,298(12.60%) from $73,767 in 2020. This income is 86.41% 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 township sees its highest median household income among householders in the age group of 25 to 44 years old, at $136,014. Overall, the median household income for the township of New Milford township stands at $64,469.
In New Milford township, the median income for all workers aged 15 years and older, regardless of work hours, was $35,191 for males and $24,870 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $48,518 for males and $32,864 for females.
In New Milford township, population is primarily represented by White households, reporting a median income of $66,102.
In 2022, the population of New Milford township was 1,777, a 0.73% decrease year-by-year from 2021. Previously, in 2021, New Milford township's population was 1,790, an increase of 0.28% compared to a population of 1,785 in 2020.
The median age in New Milford Township, Pennsylvania is 49.9, as per 2021 ACS 5-Year Estimates. Of the total population, 13.75% were under the age of 15, 13.51% aged 15 to 29, 46.08% aged 30 to 64, 21.64% aged 65 to 84, and 5.02% were 85 years of age and older.
Racial distribution of New Milford township population: 98.74% are White, 0.30% are some other race and 0.96% are multiracial.