New Milford is a small borough located in Susquehanna County, Pennsylvania. At a population of just over 1,800 residents, it is an idyllic place to live, work and raise a family. The rent for two-bedrooms is quite affordable at $870, significantly lower than the US average ($1,430). Furthermore, living costs are more budget-friendly here as evidenced by a grocery cost index of 99 compared to 100 in the US.
There are many local businesses located in New Milford that make up the vital economic core of this community. Some of these companies include Susquehanna Plumbing & Heating Inc., New Milford Motors LLC, and Country Collision Repair. All three provide services for the locals in this tight-knit community and contribute to the economy allowing residents to enjoy all that this quaint town has to offer.
New Milford (zip 18834) has an unemployment rate of 6.7%. The US average is 6.0%.
New Milford (zip 18834) 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 (zip 18834)
- The Sales Tax Rate for New Milford (zip 18834) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for New Milford (zip 18834) 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 (zip 18834)
- The average income of a New Milford (zip 18834) resident is $25,908 a year. The US average is $28,555 a year.
- The Median household income of a New Milford (zip 18834) resident is $63,629 a year. The US average is $69,021 a year.