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Milltown borough, New Jersey Demographics & Population 2026

As of 2026, Milltown borough, New Jersey has a total population of 6,994, the 229th largest city in New Jersey, with a median household income of $119,958, which is 19% higher than the state average. The poverty rate is 1.1%.

Key Takeaways

Milltown borough Quick Facts

Population 6,994
Median Household Income $119,958
Median Home Value $423,000
Poverty Rate 1.1%
Unemployment Rate 4.8%
Median Age 40.3 years
Homeownership Rate 76.0%
Affordability Ratio 3.5x
Bachelor's Degree or Higher 43.3%
High School Graduation Rate 96.3%
Diversity Index 38/100
Population 6,994 229th of 700
Median Income $119,958 above average
Poverty Rate 1.1% 91% lower national
Median Home Value $423,000 average

How Milltown borough Compares

Economy & Housing

Employment

4.8% Unemployment Rate State: 6.2% | National: 5.2%
74.2% Labor Force Participation

Housing Overview

Owner 76.0%
Renter 24.0%
Affordability Index Affordable
3.5x home value to income ratio

People & Demographics

Diversity Index

38out of 100
Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 65 | National average: 60

Education

Milltown borough Rankings in New Jersey

#229 Population of 700
#240 Median Income of 700
#346 Education of 700
#299 Home Value of 700

Other Cities in Middlesex County

CityPopulationMedian IncomePovertyHome Value
New Brunswick city 55,744 $60,248 31.6% $316,800
Perth Amboy city 55,278 $58,490 20.0% $339,200
Sayreville borough 45,237 $98,629 6.0% $407,600
Carteret borough 25,187 $87,553 10.0% $370,200
South Plainfield borough 24,231 $126,063 3.5% $443,900
South River borough 16,007 $101,853 11.3% $382,500
Metuchen borough 14,982 $157,779 4.4% $565,400
Highland Park borough 14,981 $101,991 9.3% $463,600
Middlesex borough 14,518 $107,063 8.0% $414,600
South Amboy city 9,714 $110,125 7.5% $365,000

Cities Similar to Milltown borough

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Linwood city6,954$135,904$351,10058.6%2.9%
Heathcote CDP6,689$127,391$563,50074.5%4.0%
Midland Park borough6,996$140,063$586,20055.2%1.6%
Stratford borough6,965$100,735$238,20032.5%10.2%
Haddon Heights borough7,488$126,055$354,70055.4%2.4%

Population Overview

Milltown borough is a small city located in New Jersey, within Middlesex County. The total population is 6,994. It ranks as the 229th most populous out of 700 cities and towns in New Jersey.

Age Demographics

The median age in Milltown borough is 40.3 years. This is about average than the state median of 40.1 years.

Economy, Income & Housing

The median household income in Milltown borough is $119,958. This is 19% higher than the state median of $101,050. Compared to the national median of $78,538, household income here is 53% higher. The poverty rate stands at 1.1%. This is 88% lower than the state poverty rate of 9.8%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 4.8%. This is 22% lower than the state rate of 6.2%. The median home value is $423,000. Housing costs are 1% lower than the state median of $427,600. The home-value-to-income ratio is 3.5x. 76.0% of occupied housing units are owner-occupied. This homeownership rate is 19% higher than the state average of 63.7%.

Race & Ethnicity

The largest racial or ethnic group in Milltown borough is White (non-Hispanic), making up 77.5% of the population. Hispanic or Latino residents account for 10.5%. The Black or African American population (4.6%) is well below the state average of 12.3%. The Hispanic or Latino population (10.5%) is well below the state average of 21.9%. The Asian population (3.4%) is well below the state average of 9.8%.

Education

43.3% of residents aged 25 and older hold a bachelor's degree or higher. This is about average than the state rate of 42.9%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.3%.

Data Sources & Methodology

All demographic data for Milltown borough, New Jersey is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. 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. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Milltown borough, New Jersey?

Milltown borough, New Jersey has a population of 6,994 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Milltown borough, NJ?

The median household income in Milltown borough is $119,958, which is 53% higher the national median of $78,538.

What is the poverty rate in Milltown borough, NJ?

The poverty rate in Milltown borough is 1.1%. This means approximately 80 residents live below the federal poverty line.

What is the racial makeup of Milltown borough, New Jersey?

Milltown borough's population is 77.5% White, 4.6% Black, 10.5% Hispanic/Latino, and 3.4% Asian.

What is the median home value in Milltown borough, NJ?

The median home value in Milltown borough is $423,000. The home-value-to-income ratio is 3.5x.

How educated is Milltown borough, New Jersey?

43.3% of adults (25+) in Milltown borough hold a bachelor's degree or higher, and 10.9% hold a graduate or professional degree.