New Milford, New Jersey 

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Economy in New Milford, New Jersey

New Milford has an unemployment rate of 3.5%. The US average is 3.9%.

New Milford has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 25.3%, which is lower than the US average of 33.5%.

Tax Rates for New Milford
- The Sales Tax Rate for New Milford is 6.6%. The US average is 7.3%.
- The Income Tax Rate for New Milford is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for New Milford
- The average income of a New Milford resident is $36,703 a year. The US average is $28,555 a year.
- The Median household income of a New Milford resident is $75,071 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYNew Milford, New JerseyUnited States
  3.5%3.9%
  -0.5%1.6%
  25.3%33.5%
  6.6%7.3%
  5.5%4.6%
  $40,102$31,177
  $84,025$57,652
  $108,621$70,850
  POPULATION BY OCCUPATION
  0.1%1.3%
  0.0%0.6%
  5.3%6.2%
  5.6%10.4%
  3.0%2.7%
  12.6%11.6%
  5.0%4.1%
  0.4%0.9%
  4.2%2.1%
  4.1%4.7%
  3.3%1.9%
  8.4%6.7%
  0.1%0.1%
  2.8%4.3%
  11.0%9.3%
  18.4%13.8%
  1.8%2.2%
  4.4%7.4%
  4.9%4.9%
  4.6%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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    Reviews for New Milford    1 Reviews
    town - 9/25/2008
    Diverse, quiet town, but expensive to live, as Bergen County or NJ for that matter... Read More

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    MAPS OF NEW MILFORD, NEW JERSEY
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    ZIP CODES IN NEW MILFORD, NEW JERSEY
    07646

    NEW LISTINGS IN NEW MILFORD NJ
    $474,999
    330 Boulevard
    Bed 4 | Bath 3.0 |

    $489,993
    692 Asbury St
    Bed 4 | Bath 2.0 |

    $489,000
    549 Mabie St
    Bed 4 | Bath 3.0 |

    $399,000
    631 Mccarthy Dr
    Bed 5 | Bath 3.0 |

    $375,000
    627 Mccarthy Dr
    Bed 2 | Bath 1.0 |

    $389,000
    1024 Carnation Dr
    Bed 3 | Bath 2.0 |


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