Milltown, New Jersey Demographics & Population 2026
During the 2020–2024 ACS period, Milltown, New Jersey had a total population of 7,059, the 229th largest borough in New Jersey, with a median household income of $140,960, which is 36% higher than the state average. The poverty rate is 1.2%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 36% above the state average — one of the wealthiest communities in New Jersey.
- An exceptionally low poverty rate of 1.2% — among the lowest in New Jersey.
Milltown Quick Facts
How Milltown 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 | 6,994 | 7,059 | +0.9% |
| Median household income | $119,958 | $140,960 | +17.5% |
| Median home value | $423,000 | $458,800 | +8.5% |
How Milltown 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
A less diverse community where one racial or ethnic group represents a large majority.
State average: 66 | National average: 61
Education
Educational Attainment (Adults 25+)
Milltown Rankings in New Jersey
Explore New Jersey Rankings
Other Cities in Middlesex County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| New Brunswick | 56,345 | $65,810 | 32.0% | $353,800 |
| Perth Amboy | 55,855 | $61,977 | 20.2% | $370,600 |
| Sayreville | 45,838 | $99,979 | 6.2% | $444,100 |
| Old Bridge | 28,236 | $111,996 | 6.9% | $485,800 |
| Carteret | 25,496 | $96,862 | 8.2% | $405,800 |
| South Plainfield | 24,473 | $130,239 | 3.0% | $470,900 |
| Woodbridge | 20,756 | $104,926 | 11.1% | $390,000 |
| Iselin | 19,551 | $109,500 | 7.9% | $426,800 |
| Colonia | 18,587 | $122,713 | 7.4% | $493,100 |
| Avenel | 17,121 | $101,670 | 7.9% | $401,000 |
Cities Similar to Milltown
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Midland Park | 7,019 | $146,841 | $607,200 | 57.5% | 2.8% |
| Linwood | 6,992 | $156,354 | $394,700 | 62.2% | 2.0% |
| Emerson | 7,305 | $155,536 | $645,200 | 57.0% | 3.1% |
| Strathmore | 6,708 | $151,855 | $539,500 | 64.8% | 1.9% |
| Heathcote | 7,717 | $141,295 | $567,500 | 73.6% | 3.4% |
Population Overview
Milltown is a small city located in New Jersey, within Middlesex County. The total population is 7,059. It ranks as the 229th most populous out of 700 Census-designated places in New Jersey.
Age Demographics
The median age in Milltown is 41.2 years. This is 3% higher than the state median of 40.1 years.
Economy, Income & Housing
The median household income in Milltown is $140,960. This is 36% higher than the state median of $103,556. It is also 75% higher than the national median of $80,734. The poverty rate stands at 1.2%. This is 88% lower than the state poverty rate of 9.7%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 3.5%. This is 45% lower than the state rate of 6.3%. The median home value is $458,800. Housing costs are about the same as the state median of $454,400. The home-value-to-income ratio is 3.3x. 82.4% of occupied housing units are owner-occupied. This homeownership rate is 29% higher than the state average of 63.8%.
Race & Ethnicity
The largest racial or ethnic group in Milltown is White (non-Hispanic), making up 78.1% of the population. Hispanic or Latino residents account for 11.3%. The White (non-Hispanic) population is significantly higher than the state average (78.1% vs 50.9%). The Black or African American population (2.7%) is well below the state average of 12.2%. The Asian population (3.6%) is well below the state average of 10.1%.
Education
41.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 4% lower than the state rate of 43.6%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.9%.
Data Sources & Methodology
All demographic data for Milltown, New Jersey 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 New Jersey state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 700 Census-designated places in New Jersey. 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 Milltown, New Jersey?
Milltown, New Jersey has a population of 7,059 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Milltown, NJ?
The median household income in Milltown is $140,960, which is 75% higher than the national median of $80,734.
What is the poverty rate in Milltown, NJ?
The poverty rate in Milltown is 1.2%. This means approximately 83 residents live below the federal poverty line.
What is the racial makeup of Milltown, New Jersey?
Milltown's population is 78.1% White, 2.7% Black, 11.3% Hispanic/Latino, and 3.6% Asian.
What is the median home value in Milltown, NJ?
The median home value in Milltown is $458,800. The home-value-to-income ratio is 3.3x.
How educated is Milltown, New Jersey?
41.8% of adults (25+) in Milltown hold a bachelor's degree or higher, and 13.9% hold a graduate or professional degree.