The median household income in New Milford, NJ in 2022 was $103,994, which was 7.4% greater than the median annual income of $96,346 across the entire state of New Jersey. Compared to the median income of $59,118 in 2000 this represents an increase of 43.2%. The per capita income in 2022 was $50,103, which means an increase of 42.0% compared to 2000 when it was $29,064.
Whole page based on the data from 2000 / 2022 when the population of New Milford, New Jersey was 16,400 / 16,884
Income statistics for all residents
Median household income in New Milford, NJ in 2022:
New Milford:
$103,994
State:
$96,346
Change in median household income between 2000 and 2022:
New Milford, New Jersey:
+75.9%
State:
+74.7%
Number of households with income < $10k:
New Milford:
2.0% (128)
State:
4.4% (155,271)
Number of households with income $10k - 20k:
New Milford:
5.0% (310)
New Jersey:
5.4% (189,888)
Number of households with income $20k - 30k:
New Milford:
5.3% (333)
State:
5.2% (183,402)
Number of households with income $30k - 40k:
New Milford:
4.8% (302)
New Jersey:
5.9% (206,969)
Number of households with income $40k - 50k:
New Milford:
5.3% (332)
State:
5.2% (184,153)
Number of households with income $50k - 60k:
New Milford:
4.0% (248)
New Jersey:
5.6% (197,270)
Number of households with income $60k - 75k:
New Milford:
7.5% (471)
New Jersey:
8.1% (284,245)
Number of households with income $75k - 100k:
New Milford:
13.6% (850)
New Jersey:
11.6% (408,272)
Number of households with income $100k - 125k:
New Milford:
10.8% (675)
State:
10.1% (354,738)
Number of households with income $125k - 150k:
New Milford:
5.3% (331)
State:
8.0% (281,341)
Number of households with income $150k - 200k:
New Milford:
13.8% (862)
State:
11.5% (404,977)
Number of households with income > $200k:
New Milford:
22.6% (1,413)
State:
18.9% (666,452)
Aggregate household income in New Milford in 2022: $831,197,056
Median family income in New Milford in 2022:
New Milford:
$131,580
State:
$117,988
Number of families with income < $10k:
New Milford:
0.2% (10)
State:
2.2% (53,316)
Number of families with income $10k - 20k:
New Milford:
3.1% (133)
State:
3.2% (74,986)
Number of families with income $20k - 30k:
New Milford:
2.9% (124)
State:
3.5% (82,889)
Number of families with income $30k - 40k:
New Milford:
3.4% (147)
State:
4.6% (109,787)
Number of families with income $40k - 50k:
New Milford:
1.4% (62)
New Jersey:
4.5% (107,202)
Number of families with income $50k - 60k:
New Milford:
3.7% (161)
New Jersey:
4.8% (114,765)
Number of families with income $60k - 75k:
New Milford:
7.2% (313)
State:
7.5% (179,372)
Number of families with income $75k - 100k:
New Milford:
15.3% (663)
New Jersey:
11.5% (274,497)
Number of families with income $100k - 125k:
New Milford:
11.1% (477)
State:
10.9% (260,033)
Number of families with income $125k - 150k:
New Milford:
6.4% (275)
New Jersey:
9.0% (214,872)
Number of families with income $150k - 200k:
New Milford:
14.4% (620)
New Jersey:
13.8% (328,605)
Number of families with income > $200k:
New Milford:
30.9% (1,335)
State:
24.3% (578,135)
Median non-family income in New Milford in 2022:
New Milford:
$55,113
State:
$54,589
Change in median non-family income between 2000 and 2022:
New Milford, New Jersey:
+52.5%
State:
+74.4%
Median per capita income in New Milford in 2022:
New Milford:
$50,104
State:
$51,272
Change in median per capita income between 2000 and 2022:
New Milford, New Jersey:
+72.4%
State:
+89.9%
Income statistics for White residents
Median household income in New Milford, NJ in 2022:
New Milford:
$109,142
State:
$105,428
Change in median household income between 2000 and 2022:
New Milford, New Jersey:
+92.5%
State:
+78.2%
Number of households with income < $10k:
New Milford:
1.5% (52)
State:
3.5% (73,676)
Number of households with income $10k - 20k:
New Milford:
5.0% (177)
State:
4.3% (90,086)
Number of households with income $20k - 30k:
New Milford:
5.6% (198)
State:
4.7% (99,511)
Number of households with income $30k - 40k:
New Milford:
3.6% (129)
New Jersey:
5.2% (109,051)
Number of households with income $40k - 50k:
New Milford:
7.0% (248)
New Jersey:
4.9% (101,931)
Number of households with income $50k - 60k:
New Milford:
4.4% (155)
State:
5.4% (112,379)
Number of households with income $60k - 75k:
New Milford:
7.7% (272)
State:
7.7% (162,379)
Number of households with income $75k - 100k:
New Milford:
12.5% (441)
State:
11.6% (242,478)
Number of households with income $100k - 125k:
New Milford:
8.2% (289)
New Jersey:
10.4% (218,622)
Number of households with income $125k - 150k:
New Milford:
6.3% (224)
State:
8.5% (177,925)
Number of households with income $150k - 200k:
New Milford:
14.4% (509)
State:
12.5% (262,429)
Number of households with income > $200k:
New Milford:
23.9% (845)
State:
21.3% (446,393)
Aggregate household income in New Milford in 2022: $488,080,357
Median family income in New Milford in 2022:
New Milford:
$145,634
State:
$133,117
Number of families with income < $10k:
New Milford:
0.3% (7)
State:
1.5% (21,094)
Number of families with income $10k - 20k:
New Milford:
3.3% (74)
State:
1.9% (26,388)
Number of families with income $20k - 30k:
New Milford:
1.7% (39)
State:
2.4% (33,161)
Number of families with income $30k - 40k:
New Milford:
1.8% (40)
State:
3.2% (43,969)
Number of families with income $40k - 50k:
New Milford:
1.3% (28)
State:
3.5% (48,685)
Number of families with income $50k - 60k:
New Milford:
3.8% (87)
State:
4.1% (57,095)
Number of families with income $60k - 75k:
New Milford:
6.8% (153)
State:
6.7% (92,267)
Number of families with income $75k - 100k:
New Milford:
14.2% (319)
New Jersey:
11.5% (158,630)
Number of families with income $100k - 125k:
New Milford:
9.0% (202)
State:
11.5% (158,059)
Number of families with income $125k - 150k:
New Milford:
8.0% (179)
State:
9.8% (134,575)
Number of families with income $150k - 200k:
New Milford:
13.8% (311)
State:
15.5% (212,728)
Number of families with income > $200k:
New Milford:
36.1% (811)
State:
28.3% (389,541)
Median non-family income in New Milford in 2022:
New Milford:
$54,928
New Jersey:
$58,680
Change in median non-family income between 2000 and 2022:
New Milford, New Jersey:
+53.7%
State:
+81.6%
Median per capita income in New Milford in 2022:
New Milford:
$59,223
State:
$61,044
Change in median per capita income between 2000 and 2022:
New Milford, New Jersey:
+97.8%
State:
+101.8%
Income statistics for Black or African American residents
Median household income in New Milford, NJ in 2022:
New Milford:
$123,365
State:
$65,850
Change in median household income between 2000 and 2022:
New Milford, New Jersey:
+127.8%
New Jersey:
+71.0%
Number of households with income < $10k:
New Milford:
4.1% (11)
State:
8.9% (38,971)
Number of households with income $10k - 20k:
New Milford:
0.0% (0)
State:
8.7% (38,456)
Number of households with income $20k - 30k:
New Milford:
7.9% (21)
State:
7.3% (32,276)
Number of households with income $30k - 40k:
New Milford:
15.0% (40)
State:
7.7% (33,867)
Number of households with income $40k - 50k:
New Milford:
0.0% (0)
New Jersey:
7.5% (32,945)
Number of households with income $50k - 60k:
New Milford:
0.0% (0)
New Jersey:
6.6% (29,115)
Number of households with income $60k - 75k:
New Milford:
2.3% (6)
State:
8.9% (39,013)
Number of households with income $75k - 100k:
New Milford:
9.0% (24)
New Jersey:
11.8% (51,915)
Number of households with income $100k - 125k:
New Milford:
16.9% (45)
New Jersey:
9.1% (40,243)
Number of households with income $125k - 150k:
New Milford:
10.5% (28)
State:
6.3% (27,533)
Number of households with income $150k - 200k:
New Milford:
5.6% (15)
New Jersey:
8.3% (36,645)
Number of households with income > $200k:
New Milford:
28.6% (76)
New Jersey:
8.9% (38,974)
Aggregate household income in New Milford in 2022: $42,943,768
Median per capita income in New Milford in 2022:
New Milford:
$64,674
State:
$35,632
Income statistics for Asian residents
Median household income in New Milford, NJ in 2022:
New Milford:
$93,670
State:
$144,878
Change in median household income between 2000 and 2022:
New Milford, New Jersey:
+19.2%
State:
+100.6%
Number of households with income < $10k:
New Milford:
0.0% (0)
New Jersey:
3.8% (12,441)
Number of households with income $10k - 20k:
New Milford:
5.4% (60)
New Jersey:
3.1% (9,957)
Number of households with income $20k - 30k:
New Milford:
5.9% (65)
State:
3.1% (10,104)
Number of households with income $30k - 40k:
New Milford:
2.5% (28)
State:
3.6% (11,819)
Number of households with income $40k - 50k:
New Milford:
1.7% (19)
State:
2.6% (8,334)
Number of households with income $50k - 60k:
New Milford:
0.7% (8)
New Jersey:
3.6% (11,799)
Number of households with income $60k - 75k:
New Milford:
8.1% (89)
State:
5.4% (17,671)
Number of households with income $75k - 100k:
New Milford:
20.9% (230)
New Jersey:
9.0% (29,301)
Number of households with income $100k - 125k:
New Milford:
14.8% (163)
State:
9.6% (31,368)
Number of households with income $125k - 150k:
New Milford:
2.6% (29)
State:
8.1% (26,318)
Number of households with income $150k - 200k:
New Milford:
7.4% (82)
State:
14.3% (46,703)
Number of households with income > $200k:
New Milford:
29.8% (328)
State:
33.8% (110,048)
Aggregate household income in New Milford in 2022: $153,892,103
Median family income in New Milford in 2022:
New Milford:
$123,694
State:
$162,032
Number of families with income $20k - 30k:
New Milford:
5.6% (49)
New Jersey:
2.5% (6,325)
Number of families with income $30k - 40k:
New Milford:
4.0% (35)
State:
2.9% (7,299)
Number of families with income $40k - 50k:
New Milford:
1.7% (15)
State:
2.1% (5,357)
Number of families with income $50k - 60k:
New Milford:
0.8% (7)
State:
3.1% (7,987)
Number of families with income $60k - 75k:
New Milford:
7.5% (65)
New Jersey:
4.9% (12,419)
Number of families with income $75k - 100k:
New Milford:
25.1% (216)
New Jersey:
7.9% (20,102)
Number of families with income $100k - 125k:
New Milford:
5.7% (49)
New Jersey:
9.2% (23,481)
Number of families with income $125k - 150k:
New Milford:
3.3% (29)
State:
8.7% (22,147)
Number of families with income $150k - 200k:
New Milford:
12.9% (112)
New Jersey:
16.0% (40,707)
Number of families with income > $200k:
New Milford:
33.3% (288)
State:
38.9% (99,016)
Median non-family income in New Milford in 2022:
New Milford:
$83,722
State:
$77,902
Change in median non-family income between 2000 and 2022:
New Milford, New Jersey:
+111.1%
State:
+69.1%
Median per capita income in New Milford in 2022:
New Milford:
$44,269
State:
$62,411
Change in median per capita income between 2000 and 2022:
New Milford, New Jersey:
+62.3%
New Jersey:
+126.3%
Income statistics for Hispanic or Latino residents
Median household income in New Milford, NJ in 2022:
New Milford:
$90,425
New Jersey:
$72,170
Change in median household income between 2000 and 2022:
New Milford, New Jersey:
+50.4%
State:
+82.2%
Number of households with income < $10k:
New Milford:
0.4% (5)
State:
4.6% (29,004)
Number of households with income $10k - 20k:
New Milford:
9.0% (104)
State:
7.9% (50,233)
Number of households with income $20k - 30k:
New Milford:
9.3% (107)
New Jersey:
6.7% (42,724)
Number of households with income $30k - 40k:
New Milford:
6.0% (69)
State:
8.3% (52,621)
Number of households with income $40k - 50k:
New Milford:
3.6% (42)
State:
6.6% (41,539)
Number of households with income $50k - 60k:
New Milford:
6.7% (77)
State:
6.9% (43,976)
Number of households with income $60k - 75k:
New Milford:
7.5% (86)
New Jersey:
10.4% (66,157)
Number of households with income $75k - 100k:
New Milford:
9.6% (111)
New Jersey:
12.7% (80,102)
Number of households with income $100k - 125k:
New Milford:
13.4% (154)
State:
10.1% (63,832)
Number of households with income $125k - 150k:
New Milford:
2.0% (23)
State:
7.6% (47,874)
Number of households with income $150k - 200k:
New Milford:
18.6% (214)
State:
8.3% (52,287)
Number of households with income > $200k:
New Milford:
13.8% (159)
State:
9.9% (62,842)
Aggregate household income in New Milford in 2022: $138,064,997
Median family income in New Milford in 2022:
New Milford:
$98,345
New Jersey:
$77,272
Number of families with income $10k - 20k:
New Milford:
11.8% (107)
New Jersey:
6.0% (28,023)
Number of families with income $20k - 30k:
New Milford:
7.3% (66)
State:
6.5% (30,501)
Number of families with income $30k - 40k:
New Milford:
5.6% (51)
New Jersey:
8.3% (38,883)
Number of families with income $40k - 50k:
New Milford:
1.7% (16)
State:
7.2% (33,778)
Number of families with income $50k - 60k:
New Milford:
6.0% (54)
New Jersey:
6.7% (31,451)
Number of families with income $60k - 75k:
New Milford:
8.9% (81)
State:
11.1% (52,120)
Number of families with income $75k - 100k:
New Milford:
10.1% (92)
New Jersey:
13.3% (62,373)
Number of families with income $100k - 125k:
New Milford:
18.9% (171)
New Jersey:
10.9% (51,355)
Number of families with income $125k - 150k:
New Milford:
2.3% (21)
New Jersey:
7.5% (35,076)
Number of families with income $150k - 200k:
New Milford:
10.1% (91)
State:
8.7% (40,972)
Number of families with income > $200k:
New Milford:
17.2% (156)
State:
10.9% (51,269)
Median non-family income in New Milford in 2022:
New Milford:
$56,895
State:
$43,028
Change in median non-family income between 2000 and 2022:
New Milford, New Jersey:
+25.3%
New Jersey:
+82.5%
Median per capita income in New Milford in 2022:
New Milford:
$42,208
State:
$30,987
Change in median per capita income between 2000 and 2022:
New Milford, New Jersey:
+92.2%
State:
+109.3%
Income statistics for American Indian and Alaska Native residents
Number of households with income < $10k:
New Milford:
0.0% (0)
New Jersey:
5.3% (760)
Number of households with income $10k - 20k:
New Milford:
0.0% (0)
New Jersey:
4.6% (649)
Number of households with income $20k - 30k:
New Milford:
0.0% (0)
State:
3.7% (526)
Number of households with income $30k - 40k:
New Milford:
0.0% (0)
New Jersey:
5.0% (706)
Number of households with income $40k - 50k:
New Milford:
0.0% (0)
State:
8.1% (1,149)
Number of households with income $50k - 60k:
New Milford:
82.0% (50)
State:
11.5% (1,645)
Number of households with income $60k - 75k:
New Milford:
0.0% (0)
New Jersey:
12.3% (1,759)
Number of households with income $75k - 100k:
New Milford:
0.0% (0)
State:
9.2% (1,317)
Number of households with income $100k - 125k:
New Milford:
18.0% (11)
State:
6.5% (921)
Number of households with income $125k - 150k:
New Milford:
0.0% (0)
State:
13.8% (1,964)
Number of households with income $150k - 200k:
New Milford:
0.0% (0)
New Jersey:
14.5% (2,066)
Number of households with income > $200k:
New Milford:
0.0% (0)
New Jersey:
5.5% (790)
Aggregate household income in New Milford in 2022: $10,344,086
Median per capita income in New Milford in 2022:
New Milford:
$37,327
New Jersey:
$28,858
Income statistics for Multirace residents
Median household income in New Milford, NJ in 2022:
New Milford:
$133,259
New Jersey:
$84,272
Change in median household income between 2000 and 2022:
New Milford, New Jersey:
+116.0%
State:
+101.4%
Number of households with income < $10k:
New Milford:
1.1% (8)
State:
4.4% (15,172)
Number of households with income $10k - 20k:
New Milford:
9.5% (67)
New Jersey:
7.1% (24,399)
Number of households with income $20k - 30k:
New Milford:
13.3% (94)
New Jersey:
5.8% (19,827)
Number of households with income $30k - 40k:
New Milford:
2.8% (20)
State:
6.7% (23,047)
Number of households with income $40k - 50k:
New Milford:
0.0% (0)
State:
5.9% (20,379)
Number of households with income $50k - 60k:
New Milford:
0.0% (0)
State:
5.8% (19,984)
Number of households with income $60k - 75k:
New Milford:
12.0% (85)
State:
9.4% (32,244)
Number of households with income $75k - 100k:
New Milford:
0.0% (0)
State:
12.8% (43,746)
Number of households with income $100k - 125k:
New Milford:
17.9% (127)
New Jersey:
10.4% (35,588)
Number of households with income $125k - 150k:
New Milford:
2.5% (18)
New Jersey:
7.7% (26,354)
Number of households with income $150k - 200k:
New Milford:
20.1% (142)
New Jersey:
9.9% (33,977)
Number of households with income > $200k:
New Milford:
20.8% (147)
State:
14.1% (48,377)
Aggregate household income in New Milford in 2022: $98,820,246
Median family income in New Milford in 2022:
New Milford:
$151,470
State:
$91,937
Number of families with income $10k - 20k:
New Milford:
10.4% (60)
State:
5.5% (13,265)
Number of families with income $20k - 30k:
New Milford:
6.0% (35)
State:
4.7% (11,448)
Number of families with income $30k - 40k:
New Milford:
3.9% (22)
State:
6.7% (16,214)
Number of families with income $60k - 75k:
New Milford:
15.0% (87)
State:
10.0% (24,160)
Number of families with income $100k - 125k:
New Milford:
19.8% (115)
New Jersey:
10.5% (25,338)
Number of families with income $125k - 150k:
New Milford:
3.1% (18)
State:
7.7% (18,663)
Number of families with income $150k - 200k:
New Milford:
19.2% (112)
New Jersey:
11.4% (27,656)
Number of families with income > $200k:
New Milford:
22.8% (132)
State:
16.8% (40,705)
Median per capita income in New Milford in 2022:
New Milford:
$36,837
State:
$36,016
Change in median per capita income between 2000 and 2022:
New Milford, New Jersey:
+67.6%
New Jersey:
+129.2%
Income statistics for other residents
Median household income in New Milford, NJ in 2022:
New Milford:
$78,290
New Jersey:
$67,237
Number of households with income < $10k:
New Milford:
9.3% (62)
State:
4.7% (13,969)
Number of households with income $10k - 20k:
New Milford:
1.2% (8)
State:
8.9% (26,341)
Number of households with income $20k - 30k:
New Milford:
0.0% (0)
New Jersey:
7.1% (21,158)
Number of households with income $30k - 40k:
New Milford:
13.0% (87)
State:
9.6% (28,479)
Number of households with income $40k - 50k:
New Milford:
7.8% (52)
New Jersey:
6.6% (19,415)
Number of households with income $50k - 60k:
New Milford:
7.5% (50)
State:
7.5% (22,348)
Number of households with income $60k - 75k:
New Milford:
0.0% (0)
State:
10.5% (31,179)
Number of households with income $75k - 100k:
New Milford:
20.0% (134)
State:
13.3% (39,515)
Number of households with income $100k - 125k:
New Milford:
13.5% (90)
State:
9.4% (27,806)
Number of households with income $125k - 150k:
New Milford:
0.0% (0)
New Jersey:
7.1% (20,898)
Number of households with income $150k - 200k:
New Milford:
23.0% (154)
New Jersey:
7.8% (23,101)
Number of households with income > $200k:
New Milford:
4.8% (32)
State:
7.4% (21,791)
Aggregate household income in New Milford in 2022: $63,283,127
Median family income in New Milford in 2022:
New Milford:
$98,072
New Jersey:
$69,615
Number of families with income $10k - 20k:
New Milford:
0.8% (4)
State:
7.1% (16,432)
Number of families with income $30k - 40k:
New Milford:
18.8% (96)
State:
9.8% (22,795)
Number of families with income $40k - 50k:
New Milford:
5.4% (28)
State:
7.0% (16,202)
Number of families with income $50k - 60k:
New Milford:
10.8% (55)
New Jersey:
7.9% (18,395)
Number of families with income $75k - 100k:
New Milford:
15.5% (79)
State:
14.1% (32,679)
Number of families with income $100k - 125k:
New Milford:
29.0% (148)
New Jersey:
10.3% (23,792)
Number of families with income $150k - 200k:
New Milford:
13.3% (68)
State:
7.3% (16,975)
Number of families with income > $200k:
New Milford:
6.4% (33)
New Jersey:
7.5% (17,470)
Median per capita income in New Milford in 2022:
New Milford:
$33,154
New Jersey:
$27,830
Change in median per capita income between 2000 and 2022:
New Milford, New Jersey:
+38.6%
State:
+117.5%
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