New Milford, Illinois Demographics & Population 2026
During the 2020–2024 ACS period, New Milford, Illinois had a total population of 1,194, the 652nd largest village in Illinois, with a median household income of $76,458, which is 8% lower than the state average. The poverty rate is 20.3%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Only 9.0% of adults have a bachelor's degree, well below the national average of 35.7%.
- Housing is very affordable with a home-value-to-income ratio of just 1.7x.
New Milford Quick Facts
How New Milford Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 1,183 | 1,194 | +0.9% |
| Median household income | $73,125 | $76,458 | +4.6% |
| Median home value | $130,200 | $132,500 | +1.8% |
How New Milford Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 61 | National average: 61
Education
Educational Attainment (Adults 25+)
New Milford Rankings in Illinois
Explore Illinois Rankings
Other Cities in Winnebago County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Rockford | 147,521 | $54,752 | 21.3% | $129,000 |
| Loves Park | 23,502 | $61,868 | 14.4% | $160,400 |
| Machesney Park | 22,630 | $75,489 | 13.7% | $173,700 |
| Roscoe | 10,706 | $93,036 | 5.5% | $227,800 |
| Rockton | 7,974 | $119,058 | 5.5% | $235,400 |
| South Beloit | 7,946 | $78,616 | 8.0% | $173,000 |
| Cherry Valley | 3,749 | $74,655 | 8.3% | $232,800 |
| Winnebago | 2,981 | $92,614 | 6.6% | $194,000 |
| Lake Summerset | 2,364 | $108,355 | 3.0% | $237,300 |
| Pecatonica | 2,024 | $73,162 | 7.0% | $143,900 |
Cities Similar to New Milford
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Bunker Hill | 1,178 | $75,917 | $137,500 | 15.5% | 10.5% |
| Dieterich | 1,169 | $74,500 | $201,300 | 31.2% | 10.6% |
| Divernon | 1,164 | $71,750 | $133,700 | 21.0% | 16.1% |
| Chatsworth | 1,172 | $69,559 | $103,200 | 10.7% | 16.8% |
| Edinburg | 1,195 | $89,886 | $117,100 | 14.8% | 10.3% |
Population Overview
New Milford is a small community located in Illinois, within Winnebago County. The total population is 1,194. It ranks as the 652nd most populous out of 1,445 Census-designated places in Illinois.
Age Demographics
The median age in New Milford is 32.5 years. This is 17% lower than the state median of 39.0 years.
Economy, Income & Housing
The median household income in New Milford is $76,458. This is 8% lower than the state median of $83,390. It is also 5% lower than the national median of $80,734. The poverty rate stands at 20.3%. This is 72% higher than the state poverty rate of 11.8%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 5.3%. This is 10% lower than the state rate of 5.8%. The median home value is $132,500. Housing costs are 50% lower than the state median of $263,300. With a home-value-to-income ratio of just 1.7x, New Milford is one of the most affordable housing markets in the area. 91.3% of occupied housing units are owner-occupied. This homeownership rate is 36% higher than the state average of 67.1%.
Race & Ethnicity
The largest racial or ethnic group in New Milford is White (non-Hispanic), making up 71.6% of the population. Hispanic or Latino residents account for 17.0%. The Black or African American population (0.7%) is well below the state average of 13.3%.
Education
9.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 76% lower than the state rate of 37.9%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.3%.
Data Sources & Methodology
All demographic data for New Milford, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of New Milford, Illinois?
New Milford, Illinois has a population of 1,194 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in New Milford, IL?
The median household income in New Milford is $76,458, which is 5% lower than the national median of $80,734.
What is the poverty rate in New Milford, IL?
The poverty rate in New Milford is 20.3%. This means approximately 243 residents live below the federal poverty line.
What is the racial makeup of New Milford, Illinois?
New Milford's population is 71.6% White, 0.7% Black, 17.0% Hispanic/Latino, and 7.0% Asian.
What is the median home value in New Milford, IL?
The median home value in New Milford is $132,500. The home-value-to-income ratio is 1.7x.
How educated is New Milford, Illinois?
9.0% of adults (25+) in New Milford hold a bachelor's degree or higher, and 0.9% hold a graduate or professional degree.