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2024 Compare Cities Economy:
New Milford, NJ vs Paramus, NJ

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Highlights
- Household income in Paramus, is 32% more than it is in New Milford and is 47% above the National Average.
- New Milford unemployment rate is 7.4%.
- Paramus unemployment rate is 6.9%.

Economy
 New Milford, NJParamus, NJUnited States
 Unemployment Rate7.4%6.9%6.0%
 Recent Job Growth-0.5%-0.5%1.6%
 Future Job Growth25.3%24.5%33.5%
 Sales Taxes6.6%6.6%6.2%
 Income Taxes5.5%5.5%4.6%
 Income per Cap.$48,131$51,858$37,638
 Household Income$98,992$130,446$69,021
 Family Median Income$124,926$144,092$85,028
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 Est. Households By Income
 New Milford, NJParamus, NJUnited States
 Income Less Than 15K3.9%2.6%9.4%
 Income between 15K and 20K2.4%3.0%3.8%
 Income between 20K and 30K4.6%5.3%8.1%
 Income between 30K and 40K4.7%4.2%8.0%
 Income between 40K and 50K7.9%3.5%7.6%
 Income between 50K and 60K3.2%3.3%7.2%
 Income between 60K and 75K8.7%6.1%9.6%
 Income between 75K and 100K15.2%10.0%12.8%
 Income between 100K and 150K16.1%21.6%16.3%
 Income between 150K and 200K15.4%16.0%7.8%
 Income greater than 200K18.0%24.3%9.5%
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 Population By Occupation
 New Milford, NJParamus, NJUnited States
 Management, business, finance19.9%23.5%16.4%
 Engineering, computers, science8.1%7.5%6.5%
 Community, social services2.3%1.4%1.8%
 Legal0.9%1.2%1.2%
 Education, library8.2%7.1%6.2%
 Arts, design, media, sports, entertainment2.5%3.1%2.0%
 Healthcare practitioners and technology12.4%8.3%6.2%
 Healthcare support3.1%3.3%3.3%
 Firefighters, law enforcement2.0%1.9%2.1%
 Food preparation, serving2.0%1.8%5.4%
 Building maintenance1.4%1.2%3.6%
 Personal care2.0%2.1%2.6%
 Sales, office, administrative support24.6%25.3%20.9%
 Farming, fishing, forestry0.0%0.1%0.6%
 Construction, extraction, maintenance/repair4.4%6.5%8.1%
 Production, transportation, material moving6.2%5.6%13.1%

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Reviews for New Milford    1 Reviews

Over 16 years ago

Diverse, quiet town, but expensive to live, as Bergen County or NJ for that matter  More

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Reviews for Paramus    2 Reviews

Over 15 years ago

My siblings and I are products of the Paramus Public School system and I am an attorney, my sister is a doctor and my brother is finishing his MBA. Many of my high  More

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Over 17 years ago

I have lived here most of my life and it is a fabulous place to live. Community oriented - great schools and great  More

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ZIPS IN NEW MILFORD, NEW JERSEY
07646
ZIPS IN PARAMUS, NEW JERSEY
07652

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