New Milford is a city in Connecticut state in USA with a population of 6749 residents.. The poverty rate of New Milford is 7.7%, which is 45% lower than national average. The typical household in New Milford earns $66097 a year, compared to the national median of $67,500. Nearly 36.1% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in New Milford, only 93% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of New Milford remained 4%, which is 15% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In New Milford, only 37% of adults have a bachelor's degree and 25% have some college but no degree.

Cost of living in New Milford is 115, which is 15% higher than national average. Median home value in New Milford is $259500 , which is 13% higher than national average. While median income in New Milford remained $66097, which is 2% lower than national average.