New Milford borough, New Jersey Demographics & Population 2026
As of 2026, New Milford borough, New Jersey has a total population of 16,882, the 70th largest city in New Jersey, with a median household income of $113,513, which is 12% higher than the state average. The poverty rate is 4.6%.
Key Takeaways
- An exceptionally low poverty rate of 4.6% — among the lowest in New Jersey.
New Milford borough Quick Facts
How New Milford borough Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A diverse community with significant representation from multiple racial and ethnic groups.
State average: 65 | National average: 60
Education
Educational Attainment (Adults 25+)
New Milford borough Rankings in New Jersey
Explore New Jersey Rankings
Other Cities in Bergen County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Hackensack city | 45,768 | $82,212 | 11.3% | $370,300 |
| Fort Lee borough | 39,818 | $105,535 | 8.4% | $422,200 |
| Fair Lawn borough | 35,153 | $147,952 | 6.1% | $532,700 |
| Garfield city | 32,502 | $75,701 | 14.2% | $454,300 |
| Englewood city | 29,342 | $101,398 | 9.8% | $497,500 |
| Bergenfield borough | 28,269 | $124,083 | 6.1% | $469,200 |
| Paramus borough | 26,500 | $139,707 | 5.5% | $736,000 |
| Ridgewood village | 26,076 | $217,250 | 3.7% | $882,700 |
| Lodi borough | 25,946 | $84,570 | 16.0% | $449,200 |
| Cliffside Park borough | 25,580 | $94,960 | 11.3% | $577,200 |
Cities Similar to New Milford borough
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| North Arlington borough | 16,368 | $101,493 | $464,700 | 38.6% | 3.8% |
| Avenel CDP | 17,143 | $95,935 | $351,200 | 29.4% | 8.5% |
| South River borough | 16,007 | $101,853 | $382,500 | 31.1% | 11.3% |
| Dumont borough | 18,072 | $125,585 | $469,900 | 46.8% | 6.0% |
| Ocean Acres CDP | 18,689 | $117,739 | $359,200 | 34.4% | 1.8% |
Population Overview
New Milford borough is a small city located in New Jersey, within Bergen County. The total population is 16,882. It ranks as the 70th most populous out of 700 cities and towns in New Jersey.
Age Demographics
The median age in New Milford borough is 39.5 years. This is 1% lower than the state median of 40.1 years.
Economy, Income & Housing
The median household income in New Milford borough is $113,513. This is 12% higher than the state median of $101,050. Compared to the national median of $78,538, household income here is 45% higher. The poverty rate stands at 4.6%. This is 53% 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 6.4%. This is 4% higher than the state rate of 6.2%. The median home value is $554,800. Housing costs are 30% higher than the state median of $427,600. The home-value-to-income ratio is 4.9x. 62.7% of occupied housing units are owner-occupied. This homeownership rate is 2% lower than the state average of 63.7%.
Race & Ethnicity
The largest racial or ethnic group in New Milford borough is White (non-Hispanic), making up 47.6% of the population. Hispanic or Latino residents account for 22.1%. The Black or African American population (4.7%) is well below the state average of 12.3%. The Asian population is significantly higher than the state average (20.5% vs 9.8%).
Education
48.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 12% higher 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 94.7%. Notably, 15.5% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for New Milford 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 New Milford borough, New Jersey?
New Milford borough, New Jersey has a population of 16,882 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in New Milford borough, NJ?
The median household income in New Milford borough is $113,513, which is 45% higher the national median of $78,538.
What is the poverty rate in New Milford borough, NJ?
The poverty rate in New Milford borough is 4.6%. This means approximately 773 residents live below the federal poverty line.
What is the racial makeup of New Milford borough, New Jersey?
New Milford borough's population is 47.6% White, 4.7% Black, 22.1% Hispanic/Latino, and 20.5% Asian.
What is the median home value in New Milford borough, NJ?
The median home value in New Milford borough is $554,800. The home-value-to-income ratio is 4.9x.
How educated is New Milford borough, New Jersey?
48.0% of adults (25+) in New Milford borough hold a bachelor's degree or higher, and 15.5% hold a graduate or professional degree.