Pros and Cons of Living In New Milford, New Jersey. Is New Milford, NJ a Nice Place To Live or Retire?

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New Milford, New Jersey

Moving to New Milford In New Jersey ? Is New Milford, NJ a Nice Place To Live? Pros and Cons of Living in New Milford, New Jersey. Find out the best and worst about to live, raise a family or retire in New Milford.

DEMOGRAPHICS

Population
16477
Unemployment
6.4%
36% NAT AVG.
Poverty
4.9%
65% NAT AVG.
Cost Of Living
147
47% NAT AVG.

ECONOMICS

Median Home Cost
$433000
88% NAT AVG.
Median Income
$94821
40% NAT AVG.
Median Rent
$1442
24% NAT AVG.
Overall Score
9.5

CRIME REPORT

Total Crime
93
76% NAT. AVG.
58% STATE AVG.
Violent Crime
19
70% NAT. AVG.
41% STATE AVG.
Property Crime
74
77% NAT. AVG.
61% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 20
Unemployed People
1 in 16
People Earning < $10,000
1 in 31
People Earning < $50,000
23.7%
People With Any Degree
1 in 1.8

ETHNICITY

Ethnicity New Milford USA
White 54.7% 60.1%
African American 2.1% 12.2%
American Indian 0.3% 0.6%
Asian 20.8% 5.6%
Hawaiian 0% 0.2%
Multiracial 3.1% 2.8%
Hispanic 18.1% 18.2%
Other 0.8% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME New Milford USA
Less than $10,000 3.2% 5.8%
$10,000 to $14,999 1.1% 4.1%
$15,000 to $24,999 4.1% 8.5%
$25,000 to $34,999 5.6% 8.6%
$35,000 to $49,999 9.7% 12.0%
$50,000 to $74,999 13.7% 17.2%
$75,000 to $99,999 14.5% 12.8%
$100,000 to $149,999 16.4% 15.6%
$150,000 to $199,999 15.4% 7.1%

EDUCATION

Education New Milford USA
< 9th Grade 3% 5.0%
9-12th Grade 3% 7.0%
High School or GED 22% 27.0%
Other College 16% 20.0%
Associate's Degree 8% 9%
Bachelor's Degree 33% 20.0%
Master's Degree 11% 9.0%
Professional Degree 2% 2.0%
Doctorate Degree 2% 1.0%
New Milford is a city in New Jersey state in USA with a population of 16477 residents.. The poverty rate of New Milford is 4.9%, which is 65% lower than national average. The typical household in New Milford earns $94821 a year, compared to the national median of $67,500. Nearly 23.7% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of New Milford remained 6.4%, which is 36% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census.

Cost of living in New Milford is 147, which is 47% higher than national average. In New Milford, only 48% of adults have a bachelor's degree and 24% have some college but no degree. Median home value in New Milford is $433000 , which is 88% higher than national average. While median income in New Milford remained $94821, which is 40% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
New Milford Scorecard

Jobs80%

Housing90%

Affordability60%

Safety85%

Amenities95%

Diversity95%

Education85%

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