Everything You Should Know Before Moving to New Milford, NJ
Considering a move to New Milford, NJ? This welcoming borough of 16,923 offers a strong suburban feel, with a median home price around $483,000 and average rents of $1,800. Residents enjoy excellent public schools, low crime rates (violent crime: 58 per 100k), and a well-educated community with nearly half holding a bachelor’s degree or higher. With a typical commute of 34 minutes and easy access to major hospitals, New Milford is ideal for those seeking safe, comfortable living close to NYC.
Demographics - New Milford, NJ
Demographics - New Milford, NJ
New Milford, NJ is home to about 16,900 residents, offering a densely populated suburban environment with a median age of 42. The community is diverse, with over 22% of residents speaking a language other than English at home and a significant Asian and Hispanic presence alongside a majority White population.
Population:
16,923
Density:
7,400 per sq mi
Median Age:
42.2
Gender Ratio:
93 males per 100 females
Non-English Speakers Percentage:
22.5%
Ethnic Composition
White:
70.8%
Black:
3.1%
Asian:
13.5%
Others:
12.6%
Cost Of Living
What is the average cost of living in New Milford, NJ?
Living in New Milford comes with a cost of living index of 129.5, reflecting higher-than-average expenses, especially in housing where median home values are around $483,000 and average rents reach $1,800 per month. Utilities and transportation costs also run above the national average, making budgeting important for new residents.
Median House Value:
$483,000
Gross Rent:
$1,800
Monthly Electricity Charges:
$130
Auto Insurance:
$1,850
House Owner Cost With Mortgage:
$2,350
House Owner Cost Without Mortgage:
$820
State Taxes:
Low:
1.4%
|
High:
10.75%
Cost Of Living Index:
129.5
Grocery:
121.0
Housing:
143.0
Utilities:
108.0
Transportation:
123.0
Health Care:
115.0
Miscellaneous:
112.0
Crime
Is New Milford, NJ a safe place to live?
New Milford boasts a low crime rate, with just 58 violent crimes per 100,000 residents and a 1 in 1,725 chance of being a victim. Property crime is also relatively low, helping residents feel secure in this suburban community.
Violent Crimes Per 100k:
58
Property Crimes Per 100k:
704
Crime Index:
762
Chance Of Violent Crime:
1 in 1,725
Chance Of Property Crime:
1 in 142
Weather
What is the weather like in New Milford, NJ year-round?
Residents experience four distinct seasons, with cold winters averaging lows of 25°F and warm summers reaching highs of 85°F. The area receives about 48 inches of annual rainfall and enjoys sunshine 54% of the year, offering a comfortable climate for outdoor activities.
Winter
Min:
25°F
Max:
39°F
Spring
Min:
45°F
Max:
66°F
Summer
Min:
66°F
Max:
85°F
Fall
Min:
48°F
Max:
69°F
Average Rainfall Inches:
48.3 inches
Sunny Days Percentage:
54%
Neighbors
New Milford’s residents benefit from a strong median household income of $107,500 and a low poverty rate of 4.2%. The community is highly educated, with nearly 95% holding at least a high school diploma and nearly half earning a bachelor’s degree or higher.
Median Income:
$52,000
Household Income:
$107,500
Family Income:
$121,000
Per Capita Income:
$51,200
Income Male:
$58,000
Income Female:
$46,500
Poverty Rate:
4.2%
Non English Speakers:
22.5%
Rent:
$1,800
Unemployment Rate:
3.9%
Public Transport Usage:
11.4%
Commute Time:
34.2 minutes
Education
High School or Higher:
94.7%
Bachelors or More:
48.9%
Education
How are the schools in New Milford, NJ?
Families benefit from well-rated public schools with low student-to-teacher ratios, such as New Milford High School and David E. Owens Middle School. The community is also close to higher education options, including Fairleigh Dickinson University and Bergen Community College.
Public Schools
Name:
New Milford High School
Street:
330 River Road
Phone:
201-262-0172
Students:
675
Student Teacher Ratio:
12.5
Name:
David E. Owens Middle School
Street:
470 Marion Ave
Phone:
201-265-8661
Students:
530
Student Teacher Ratio:
11.8
Private Schools
Name:
Solomon Schechter Day School
Street:
275 McKinley Ave
Phone:
201-262-9898
Students:
210
Colleges
Name:
Fairleigh Dickinson University
City:
Teaneck
State:
NJ
Distance:
3 miles
Students:
8,200
Name:
Bergen Community College
City:
Paramus
State:
NJ
Distance:
6 miles
Students:
13,500
Healthcare
Healthcare access is excellent, with major hospitals like Hackensack University Medical Center and Holy Name Medical Center nearby. The area features a high rate of insured residents (94.5%) and a robust supply of physicians, supporting comprehensive local care.
Major Hospitals
Name:
Hackensack University Medical Center
Address:
30 Prospect Ave, Hackensack, NJ 07601
Phone:
(551) 996-2000
Type:
General & Surgical
Emergency Services:
Yes
Name:
Holy Name Medical Center
Address:
718 Teaneck Rd, Teaneck, NJ 07666
Phone:
(201) 833-3000
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
3.3
Health Insurance Coverage:
94.5%
Health Care Index:
77.2
Housing Market
What is the housing market like in New Milford, NJ?
The housing market features a median home price of $483,000 and an owner-occupied rate over 70%, reflecting strong demand and stability. Home values have appreciated by 6.1% over the past year, making it an attractive place for both buyers and renters.
Median Home Price:
$483,000
Average Rent For 2 Bedroom:
$1,800
Owner Occupied Rate:
70.6%
Rental Vacancy Rate:
4.1%
Home Appreciation Rate (1yr):
6.1%
New Construction Rate:
1.3%
Foreclosure Rate:
0.4%
DMV Information
Residents of New Milford can access motor vehicle services through the New Jersey Motor Vehicle Commission in Trenton, with convenient online resources and support for licensing and registration needs.
State:
New Jersey
Department:
New Jersey Motor Vehicle Commission
Address:
225 E. State Street, Trenton, NJ 08666
Phone:
1-609-292-6500
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.