New Milford

Population: 16,882
Median household income: $113,513
Median home value: $554,800

New Milford is a community in Bergen County, New Jersey, home to 16,882 residents. Its median household income of $113,513 runs below the Bergen County figure of $123,715.

From 2019 to 2023, New Milford's population grew 2.0% from 16,545 to 16,882, while its median home value rose 30.0% from $426,800 to $554,800.

The median gross rent is $1,722. 48.0% of adults 25 and older hold a bachelor's degree or higher.

Demographics

ACS 2019–2023

Population: 16,882
Median age: 39.5 yrs
Median household income: $113,513
Median home value: $554,800
Median gross rent: $1,722
Housing units: 6,428
Homeownership rate: 62.7%
Bachelor's degree or higher: 48.0%
Unemployment rate: 6.4%

Trends

ACS 5-year · 2019–2023

Population

16,54516,882

Median household income

$94,344$113,513

Median home value

$426,800$554,800

Median gross rent

$1,438$1,722

Year	Population	Median household income	Median home value	Median gross rent
2019	16,545	$94,344	$426,800	$1,438
2020	16,477	$94,821	$433,000	$1,442
2021	16,912	$98,992	$442,000	$1,471
2022	16,888	$107,976	$480,000	$1,669
2023	16,882	$113,513	$554,800	$1,722

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 57.0%

5 to 1716.1%

18 to 247.3%

25 to 3411.6%

35 to 4415.1%

45 to 5413.5%

55 to 6413.4%

65 to 747.8%

75 and over8.3%

	Count	Share
Under 5	1,177	7.0%
5 to 17	2,726	16.1%
18 to 24	1,233	7.3%
25 to 34	1,955	11.6%
35 to 44	2,549	15.1%
45 to 54	2,274	13.5%
55 to 64	2,260	13.4%
65 to 74	1,314	7.8%
75 and over	1,394	8.3%

Race & ethnicity

	Count	Share
White (non-Hispanic)	8,029	47.6%
Black or African American	791	4.7%
American Indian & Alaska Native	82	0.5%
Asian	3,467	20.5%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	133	0.8%
Two or more races	644	3.8%
Hispanic or Latino (any race)	3,736	22.1%

Educational attainment (age 25+)

No high school diploma5.3%

High school graduate19.6%

Some college or associate's27.1%

Bachelor's degree32.5%

Graduate or professional degree15.5%

	Count	Share
No high school diploma	628	5.3%
High school graduate	2,304	19.6%
Some college or associate's	3,179	27.1%
Bachelor's degree	3,815	32.5%
Graduate or professional degree	1,820	15.5%

Commute to work

Mean travel time to work: 30 min

Drove alone62.9%

Carpooled10.7%

Public transit7.8%

Walked1.0%

Bicycle0.3%

Worked from home14.0%

Other means3.3%

How workers get to work

	Count	Share
Drove alone	5,410	62.9%
Carpooled	925	10.7%
Public transit	674	7.8%
Walked	86	1.0%
Bicycle	26	0.3%
Worked from home	1,201	14.0%
Other means	284	3.3%

Travel time

	Count	Share
Under 15 min	1,340	18.1%
15 to 29 min	2,894	39.1%
30 to 44 min	1,385	18.7%
45 to 59 min	853	11.5%
60+ min	933	12.6%

Households

Average household size: 2.71
Poverty rate: 4.6% (773 of 16,700)

	Count	Share
Family households	4,263	69.2%
Nonfamily households	1,894	30.8%

Housing

Median year structure built: 1953

Occupancy

	Count	Share
Occupied	6,157	95.8%
Vacant	271	4.2%

Tenure (of occupied units)

	Count	Share
Owner-occupied	3,860	62.7%
Renter-occupied	2,297	37.3%

1-unit, detached64.7%

1-unit, attached1.5%

2 to 4 units25.4%

5 to 19 units4.5%

20 or more units3.7%

Mobile home & other0.2%

Units in structure

	Count	Share
1-unit, detached	4,158	64.7%
1-unit, attached	96	1.5%
2 to 4 units	1,632	25.4%
5 to 19 units	291	4.5%
20 or more units	237	3.7%
Mobile home & other	14	0.2%

Geography

Place GEOID: 3451660
Type (LSAD): 21
Land area: 2.28 sq mi
Water area: 0.04 sq mi
Center point: 40.9342, -74.0195