Illinois · Census place 52701
New Milford village, IL
Quick answer
New Milford village has 1,183 residents, ranking #646 of 1462 places in Illinois. Median household income is $73,125, the median home is worth $130,200 and median gross rent runs $750 a month.
- Population
- 1,183New Milford village residents
- Median household income
- $73,125Past 12 months, inflation adjusted
- Median home value
- $130,200Owner-occupied units
- Median gross rent
- $750Rent plus utilities, monthly
- Median age
- 33.2 yrsAll residents
- Homeownership rate
- 88.6%Owner-occupied households
What the numbers mean in New Milford village
Housing cost measured against local earnings.
A household earning the New Milford village median would spend about 12.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 19.7% of residents and 88.6% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Illinois.
- Third Lake village 1,203
- Milledgeville village 1,199
- Camp Point village 1,197
- Oreana village 1,183
- Marine village 1,181
- Dieterich village 1,171
- Energy village 1,171
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