Pennsylvania · Census place 53880
New Milford borough, PA
Quick answer
New Milford borough has 695 residents, ranking #1174 of 2002 places in Pennsylvania. Median household income is $51,250, the median home is worth $162,500 and median gross rent runs $938 a month.
- Population
- 695New Milford borough residents
- Median household income
- $51,250Past 12 months, inflation adjusted
- Median home value
- $162,500Owner-occupied units
- Median gross rent
- $938Rent plus utilities, monthly
- Median age
- 36.8 yrsAll residents
- Homeownership rate
- 50.7%Owner-occupied households
What the numbers mean in New Milford borough
Housing cost measured against local earnings.
A household earning the New Milford borough median would spend about 22% 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 3.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 22% of residents and 50.7% 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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