New Milford, CT
Population 7,632 · Connecticut
About New Milford, CT
New Milford is a small community in Connecticut with a population of 7,632 residents. The median household income is $81,170 per year, which is above the national average. The median age in New Milford is 39.5 years.
Housing in New Milford has a median home value of $326,200 and median monthly rent of $1,422. Of the 3,080 total housing units, the majority are owner-occupied, with 1,701 owner-occupied and 1,107 renter-occupied units.
The unemployment rate in New Milford is 6.2% and the poverty rate is 8.3%. 32.8% of residents hold a bachelor's degree or higher. The average commute time is 26.1 minutes.
How New Milford Ranks in Connecticut
Cost of Living in New Milford, CT
Compared to national averages, New Milford has a median household income of $81,170 (8% above the national median of $75,149). Home values average $326,200, which is 33% above the national median. Monthly rent at $1,422 is 22% above the US average of $1,163. Within Connecticut, New Milford's income is 34% below the state average of $123,065, and home values are 37% below the state median of $516,920.
Why Live in New Milford, CT?
New Milford offers a strong local economy with a median household income of $81,170, well above the national average, and a low poverty rate of 8.3%, better than the national average.
New Milford has a population of 7,632 with a median age of 39.5 years. Compare New Milford with other cities to see how it stacks up, or explore all cities in Connecticut.
Similar Cities Near New Milford
Cities in Connecticut with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Thompsonville | 7,473 | $71,714 | $235,200 | Compare |
| Glastonbury Center | 7,860 | $133,450 | $367,000 | Compare |
| Cos Cob | 7,354 | $176,602 | $1,149,500 | Compare |
| Putnam | 7,120 | $63,209 | $236,000 | Compare |
| Southwood Acres | 8,154 | $105,529 | $247,400 | Compare |
| Ridgefield | 7,103 | $143,286 | $843,200 | Compare |
| Winsted | 7,074 | $66,058 | $214,000 | Compare |
| New Canaan | 7,032 | $163,355 | $1,115,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Connecticut
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about New Milford
What is the population of New Milford, CT?
The population of New Milford, CT is 7,632 according to the latest Census data.
What is the median household income in New Milford?
The median household income in New Milford, CT is $81,170 per year.
What is the median home value in New Milford?
The median home value in New Milford, CT is $326,200.
What is the average rent in New Milford?
The median monthly rent in New Milford, CT is $1,422.
What is the unemployment rate in New Milford?
The unemployment rate in New Milford, CT is 6.2%.