Last updated: 2024 BLS data · Page refreshed:
New Milford has a population of 16,995 with a median age of 39.6. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 16,995 |
| Median Age | 39.6 |
| White | 51.1% |
| Black or African American | 5.7% |
| Asian | 20.3% |
| Hispanic or Latino | 20.5% |
| Other / Two or More Races | 2.4% |
The median household income in New Milford is $114,889, which is 42.5% above the national median of $80,610. The per capita income is $51,401. The poverty rate is 4.2%.
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In New Milford, 94.8% of residents age 25+ have a high school diploma or higher, and 47.4% hold a bachelor's degree or higher (15.0% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 94.8% |
| Bachelor's Degree or Higher | 47.4% |
| Graduate or Professional Degree | 15.0% |
The median home value in New Milford is $580,400, above the national median of $303,400. The median monthly rent is $1,765. The homeownership rate is 61.4%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $580,400 |
| Median Monthly Rent | $1,765 |
| Homeownership Rate | 61.4% |
| Vacancy Rate | 2.5% |
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