New Milford, NJ: A Wonderful Town

Deck Fountains

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The typical household size in New Milford,The typical household size in New Milford, NJ is 3.36 household members, with 62.3% being the owner of their very own dwellings. The average home appraisal is $425927. For those people renting, they pay an average of $1438 monthly. 68% of families have two sources of income, and a typical household income of $94344. Median individual income is $48332. 7% of citizens live at or below the poverty line, and 8% are considered disabled. 4.2% of residents of the town are veterans of this US military.

The labor force participation rate in New Milford is 70.8%, with an unemployment rate of 4.6%. For those of you into the labor pool, the typical commute time is 31.3 minutes. 14.2% of New Milford’s populace have a masters diploma, and 30.1% posses a bachelors degree. For everyone without a college degree, 24.5% have some college, 25% have a high school diploma, and just 6.2% possess an education less than high school. 5.4% are not covered by medical health insurance.