New Milford, New Jersey Demographics & Population 2026
During the 2020–2024 ACS period, New Milford, New Jersey had a total population of 16,995, the 70th largest borough in New Jersey, with a median household income of $114,889, which is 11% higher than the state average. The poverty rate is 4.2%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- An exceptionally low poverty rate of 4.2% — among the lowest in New Jersey.
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 | 16,882 | 16,995 | +0.7% |
| Median household income | $113,513 | $114,889 | +1.2% |
| Median home value | $554,800 | $580,400 | +4.6% |
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
A diverse community with significant representation from multiple racial and ethnic groups.
State average: 66 | National average: 61
Education
Educational Attainment (Adults 25+)
New Milford Rankings in New Jersey
Explore New Jersey Rankings
Other Cities in Bergen County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Hackensack | 46,057 | $84,277 | 12.1% | $393,700 |
| Fort Lee | 40,067 | $107,274 | 7.8% | $448,000 |
| Fair Lawn | 35,610 | $144,574 | 6.1% | $564,700 |
| Garfield | 32,783 | $79,700 | 13.4% | $475,500 |
| Englewood | 29,638 | $102,571 | 9.2% | $544,100 |
| Bergenfield | 28,450 | $130,045 | 7.1% | $491,500 |
| Paramus | 26,568 | $144,349 | 4.7% | $813,900 |
| Ridgewood | 26,308 | $208,211 | 4.2% | $891,200 |
| Lodi | 26,082 | $89,305 | 15.4% | $475,000 |
| Cliffside Park | 25,781 | $93,452 | 10.8% | $588,200 |
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 |
|---|---|---|---|---|---|
| Avenel | 17,121 | $101,670 | $401,000 | 31.9% | 7.9% |
| Dumont | 18,279 | $126,071 | $497,400 | 50.3% | 6.6% |
| Colonia | 18,587 | $122,713 | $493,100 | 48.7% | 7.4% |
| North Arlington | 16,461 | $94,201 | $474,500 | 38.3% | 4.3% |
| Point Pleasant | 19,334 | $115,625 | $575,300 | 50.0% | 4.5% |
Population Overview
New Milford is a small city located in New Jersey, within Bergen County. The total population is 16,995. It ranks as the 70th most populous out of 700 Census-designated places in New Jersey.
Age Demographics
The median age in New Milford is 39.6 years. This is 1% lower than the state median of 40.1 years.
Economy, Income & Housing
The median household income in New Milford is $114,889. This is 11% higher than the state median of $103,556. It is also 42% higher than the national median of $80,734. The poverty rate stands at 4.2%. This is 57% 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 6.4%. This is 2% higher than the state rate of 6.3%. The median home value is $580,400. Housing costs are 28% higher than the state median of $454,400. The home-value-to-income ratio is 5.1x. 61.4% of occupied housing units are owner-occupied. This homeownership rate is 4% lower than the state average of 63.8%.
Race & Ethnicity
The largest racial or ethnic group in New Milford is White (non-Hispanic), making up 48.9% of the population. Hispanic or Latino residents account for 20.5%. The Black or African American population (5.0%) is well below the state average of 12.2%. The Asian population is significantly higher than the state average (20.3% vs 10.1%).
Education
47.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 9% higher 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 94.8%.
Data Sources & Methodology
All demographic data for New Milford, 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 New Milford, New Jersey?
New Milford, New Jersey has a population of 16,995 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in New Milford, NJ?
The median household income in New Milford is $114,889, which is 42% higher than the national median of $80,734.
What is the poverty rate in New Milford, NJ?
The poverty rate in New Milford is 4.2%. This means approximately 705 residents live below the federal poverty line.
What is the racial makeup of New Milford, New Jersey?
New Milford's population is 48.9% White, 5.0% Black, 20.5% Hispanic/Latino, and 20.3% Asian.
What is the median home value in New Milford, NJ?
The median home value in New Milford is $580,400. The home-value-to-income ratio is 5.1x.
How educated is New Milford, New Jersey?
47.4% of adults (25+) in New Milford hold a bachelor's degree or higher, and 15.0% hold a graduate or professional degree.