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ZipNumbers

New Jersey · Census place 46620

Milltown borough, NJ

Quick answer

Milltown borough has 6,994 residents, ranking #229 of 700 places in New Jersey. Median household income is $119,958, the median home is worth $423,000 and median gross rent runs $1,500 a month.

Population
6,994Milltown borough residents
Median household income
$119,958Past 12 months, inflation adjusted
Median home value
$423,000Owner-occupied units
Median gross rent
$1,500Rent plus utilities, monthly
Median age
40.3 yrsAll residents
Homeownership rate
76%Owner-occupied households

What the numbers mean in Milltown borough

Housing cost measured against local earnings.

A household earning the Milltown borough median would spend about 15% 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 3.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 1.1% of residents and 76% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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