New Milford borough, PA is an idyllic small town located in Susquehanna County. With a population of just over 5,000 people, it is known for its scenic views and abundance of outdoor activities. The average rent for a two-bedroom apartment is $890 per month, which is much lower than the national average. Grocery costs are also quite affordable in New Milford borough with a grocery cost index of 99 compared to the US index of 100. The local economy features many successful businesses such as Shaffer's Hardware Store and Pike Brewing Company. Popular attractions include Trough Creek State Park and Nippenose Valley Historical Society Museum. These offerings make New Milford borough an attractive place to live and visit.
New Milford has an unemployment rate of 6.7%. The US average is 6.0%.
New Milford has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 21.0%, which is lower than the US average of 33.5%.
Tax Rates for New Milford
- The Sales Tax Rate for New Milford is 6.0%. The US average is 7.3%.
- The Income Tax Rate for New Milford is 3.1%. 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 $19,047 a year. The US average is $28,555 a year.
- The Median household income of a New Milford resident is $42,500 a year. The US average is $69,021 a year.