New Milford, NJ
16,995Residents
$114,889Median household income
$1,765/moMedian gross rent
$580,400Median home value
39.6Median age
47%Adults with a bachelor’s degree or higher
61%Homes lived in by their owners
5.1×Home value to household income
Median rent takes about 18% of the median household income in New Milford.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $71,000 a year. In New Jersey that leaves roughly $4,602 a month after tax. See the full paycheck breakdown for $70,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.