New Milford 76 Exceptional
New Milford Livability #121 ranked city in New Jersey#2,973 ranked city in the USARanks better than 89% of areas

Pros and Cons of Living in New Milford

PROS
  • Commute

    An elevated score in the commute category points to excellent public transit accessibility and shorter-than-average work commute times in this area.

  • Crime

    Crime per 100,000 people is significantly lower than the national average, making it a safe place to live. These crime statistics include both violent and property crimes.

  • Employment

    Higher than average median household income, income per capita and lower unemployment rates are seen in this area. The result is a high score in the employment category.

  • Housing

    High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.

  • Schools

    The schools category earns a high score due to factors like exceptional test scores, strong education levels and the close proximity of elementary and high schools in this area.

CONS
  • Amenities

    The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.

  • Cost Of Living

    Living in this region comes with a high cost of living, translating to elevated costs for homes, goods and services, groceries, utilities, health care and transportation.

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What's it like Living in New Milford?

New Milford is a mid-sized city located in the state of New Jersey. The city has a population of 16,477 inhabitants. New Milford has a population density of 7,218 people per square mile. This would be considered well above the national population density level. If we look at the most recent Census, New Milford is known to have a predominantly White population. The next two most common races are Asian and Black. Long, unnecessary commutes can be both frustrating and inconvenient when heading to work. Nationwide, the average one-way commute time takes 26 minutes, but regrettably, residing in New Milford entails a longer-than-average one-way commute time, averaging 31 minutes.

If you’re considering relocating to any new city, it could be a very intimidating task. However, it could also be a great experience if you are willing to get to know the city before actually living in New Milford, New Jersey. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. To help you find the best places to live in and around New Milford, AreaVibes has created a livability score using key metrics like amenities, cost of living, commute, education, housing and more.

Using data and statistics New Milford has received a livability score of 74 out of 100. This score is ranked in the 86th percentile when compared to all other cities. If we dig a little deeper into each category within the livability score, we see that New Milford has higher than average rankings for the following: crime (A+), education (A+), employment (A+) and housing (B+). There is at least one category that you should be aware of in New Milford. The following was graded with a discouraging score: amenities (F).

Crime rates play a pivotal role in the decision-making process for anyone considering a move, as they directly influence the overall sense of safety, security and quality of life in a given location. New Milford shines in this regard, earning exemplary ratings for its exceptionally low violent crime rates, standing at 6 crimes per 100,000 residents. These rates are notably below the national average, underscoring the community's commitment to safety and contributing to an enhanced quality of life.

Finding affordable real estate and housing in New Milford can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.

Assuming that New Milford meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in New Milford. Everything else becomes a lot less important if it turns out that home prices in New Milford are simply unattainable. Median real estate prices in New Milford come in at $433,000, which is 36.9% higher than the New Jersey average. The home price to income ratio compares the median home prices to the median household income. In New Milford, the home price to income ratio is 4.6, which is 7% higher than the New Jersey average.

Best Places to Live in and Around New Milford

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Compare New Milford, NJ Livability

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      New Milford transportation information

      Statistic New Milford New Jersey National
      Average one way commute31min31min26min
      Workers who drive to work70.9%71.7%76.4%
      Workers who carpool10.9%8.1%9.3%
      Workers who take public transit10.9%11.2%5.1%
      Workers who bicycle0.0%0.3%0.6%
      Workers who walk1.4%3.0%2.8%
      Working from home5.4%4.1%4.6%
      Source: The New Milford, NJ data and statistics displayed above are derived from the United States Census Bureau American Community Survey (ACS).