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Milmay, New Jersey

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
748
Population
$61,250
Median Income
$295,600
Home Value
44.8
Median Age

Demographics

Milmay has a population of 748 with a median age of 44.8. Here is the racial and ethnic breakdown of the population:

White
100.0%
Demographic Value
Total Population748
Median Age44.8
White100.0%
Milmay, New Jersey — racial composition (Census ACS 2024)Donut chart of 1 segments totaling 100.White: 100.0%748PopulationWhiteWhite100.0%

Income & Economy

The median household income in Milmay is $61,250, which is 24.0% below the national median of $80,610. The per capita income is $39,923. The poverty rate is 7.5%.

$61,250
Median Household Income
$39,923
Per Capita Income
7.5%
Poverty Rate

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Education

In Milmay, 94.4% of residents age 25+ have a high school diploma or higher, and 29.3% hold a bachelor's degree or higher (8.4% with a graduate or professional degree).

HS Diploma+
94.4%
Bachelor's+
29.3%
Graduate+
8.4%
Education Level % of Adults (25+)
High School Diploma or Higher94.4%
Bachelor's Degree or Higher29.3%
Graduate or Professional Degree8.4%

Housing

The median home value in Milmay is $295,600, below the national median of $303,400. The median monthly rent is $1,188. The homeownership rate is 79.5%.

$295,600
Median Home Value
$1,188/mo
Median Rent
79.5%
Homeownership Rate
Housing Metric Value
Median Home Value$295,600
Median Monthly Rent$1,188
Homeownership Rate79.5%

Salaries in New Jersey

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Frequently Asked Questions

What is the population of Milmay, New Jersey?
The population of Milmay, New Jersey is 748 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Milmay, New Jersey?
The median household income in Milmay, New Jersey is $61,250. This is 24.0% below the national median of $80,610.
What is the median home value in Milmay, New Jersey?
The median home value in Milmay, New Jersey is $295,600. The median monthly rent is $1,188.
What percentage of people in Milmay have a college degree?
In Milmay, New Jersey, 29.3% of adults age 25 and older hold a bachelor's degree or higher, and 94.4% have a high school diploma or higher.
Is Milmay, New Jersey an affordable place to live?
The home price-to-income ratio in Milmay, New Jersey is 4.8x (median home value $295,600 vs. median income $61,250), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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